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

To: Seconds Out who wrote (3864)	10/9/1998 2:14:00 AM
From: Iraklis	Read Replies (2) \| Respond to of 10081

Did anybody else see the large blocks that traded at the close. I believe I saw 2 trades, each for 40,000 shares and SEVERAL trades for 9200 shares. Most of these trades were traded at the ask price which I'm hoping implies something positive? If anybody has additional information on these trades, I'd like to hear about it. As a minimum, I believe it's reasonable to conclude that we either had a large buyer enter the market on GMGC, and /or one or more big time short players were covering their shorts. I saw so many trades go by (perhaps 6 within 1 minute) of size 9200 shares that it made me wonder if there was any significance of a 9200 trade size. Anybody know why so many trades at 9200 ? My source for watching these trades was www.quote.com. As a side note, I may be getting my first margin call tomorrow. GMGC's stock price has been so attractive the last couple of days, I couldn't help but buy more. I guess I misread the market and extended myself too far. My porfolio is about 98% GMGC, and since I margined GMGC to buy GMGC - and now GMGC is below $5.00, I believe I have to come clean on my margin. I imagine I'll know for sure tomorrow. It's not a huge deal. I can either sell 2000 shares or transfer money into the account. I also wondered last night if other GMGC holders weren't unloading some shares to prevent a similar type margin call tomorrow. If so, this might explain some of the late day selling. I know I was tempted to sell yesterday, but decided to wait and see what Friday brings. The reference below is to a frdiay's New York time write up on Phone based browsing that mentions GMGC: nytimes.com The article can also be read from the yahoo board at: messages.yahoo.com@m2.yahoo.com Good luck - Iraklis

To: Seconds Out who wrote (3864)	10/9/1998 9:41:00 AM
From: Raven McCloud	Read Replies (2) \| Respond to of 10081

Short interest decreased by 500,000 in Sept. If interest rates come down by another 1/2 pt. and the market rallies and GMGC responds with a rally we might see more shorters covering from this price going up in order to lock in profits. The question is at what price do the shorts consider a bottom. Are they looking for a drop below $4? Any shorters out there care to comment. I too believe in the technology and "expect" the anticipated alliances to increase GMGCs shares at least two-fold from its current price over the next six months. Thanks to all for the "no-BS" info on this board. Raven