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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Frank Wechsler who wrote (3855)	10/8/1998 1:57:00 PM
From: cdtejuan	Read Replies (1) \| Respond to of 10081

Frank: >>No tech stocks are going to do well today! This sell off has nothing to do with GMGC.<< I'm not so sure. Perhaps it's a mixture both of the general Nasdaq sell off and attempts to wipe out the limits. On my personal watchlist GMGC was the only double digit looser during the first trading hour. The rest suffered just like the average Nasdaq. Maybe some MM's created a quick stop-loss killer rally at the beginning when they saw their chance Japan/DAX). When I now look at the losses, GMGC has bottomed slightly under $5, where it was in the first hour, while most stocks now suffered heavy. That made me wonder, why GMGC didn't break through, let's say to 4 9/16. Watching my crystal ball, I would say we close @ 4 15/16. Tomorrows trading range between 4 7/16 and 5 1/4. (Just for my little private amusement ;-)) Juan