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


To: cdtejuan who wrote (4045)11/6/1998 9:22:00 PM
From: Sea Otter  Read Replies (2) | Respond to of 10081
 
I've been bottom-fishing for a couple months too, a bite
here, a nibble there. Now up to 10k shares. That's
it for me.

If we're to implode, it seems to me that we'll implode
next week. The only "bad" news I can imagine is our
quarterly report followed by a knee-jerk market reaction
due to the loss. Shades of last quarter. If that happens,
perhaps Ray's prediction of $3 will indeed come true.

However, once we get through next week, it seems to me
we have clear sailing. Several months where GMGC
can deliver nothing but good news and progress.

I'm betting that GMGC learned from last quarter's fiasco
and will choreograph next week such that history doesn't
repeat. If I'm wrong I'll simply add on
the dip (hmmm, how many shares should I buy at $3??)
and then wait for our train to come back in. I'm
not a trader and I'm convinced about GMGC's longterm
prospects, so this strategy is suitable for me.

We'll know soon. See you all next week!

Sea Otter