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To: Ray Rueb who wrote (4150)	11/11/1998 11:29:00 PM
From: VIPER85730	Respond to of 10081

Ray, >Well, I'll bet tomorrow will be the beginning of some prolonged eating. I'm glad I have a neutral position. I'll go long soon... I'm still expecting $3 before we begin to move up.< Hope you're not where you were last time I saw you. Big mistake. And I'll also disagree with you. We'll survive tomorrow. IMO.... you're dreamin' for 3. VIPER-------<

To: Ray Rueb who wrote (4150)	11/11/1998 11:33:00 PM
From: Sea Otter	Read Replies (4) \| Respond to of 10081

Some Trading Speculation For You Trader Types I'm a VC-style investor, not a trader, so there is no chance I'll follow through on the following. Still, I thought it interesting enough to pass on. Now entering the realm of pure unsupported speculation, courtesy of a successful trader friend of mine (the only truly successful trader I know - with the houses, stock portfolio and serving staff to prove it). Fact 1: GMGC delayed the quarterly report, for reasons that I don't think any of us truly buy. Fact 2: GMGC was ticked the way their stock got pummeled last quarter. (Some gmgc people were really ticked). Suppositon 1: If Markman could possibly avoid it, he'd stage things to minimize a repeat of Fact 2. Supposition 2: Despite the views of some on this board, GMGC is still of interest to carriers/partners. In fact, there is a deal at hand - just a question of when to announce it. (Yes, yes, I know, the weakest supposition). But: if you buy all the above, the play for tomorrow is clear. Markman purposively changed the quarterly date so he could bracket the announcement with two deals - Intuit and the deal he'll announce tomorrow, thus doing his best to support investor equity. If that indeed happens, tomorrow will be a wild trading day, with a probable early swoon followed by an explosive rally. For those who understand how to play such things and who believe that scenario I suppose there is mucho money to be made. But like I said, I'm not playing. I'll simply hold until I can take out another 100k profit from GMGC. But Ray, I DO have a buy for 10k shares @3 1/4 tomorrow. So you can't accuse me of not nibbling on the dips! (Although this is one dip I admit I'd prefer not to watch!). Back to programming. Good luck, traders! Sea Otter

To: Ray Rueb who wrote (4150)	11/12/1998 12:30:00 PM
From: pgl52	Read Replies (3) \| Respond to of 10081

Hi Ray, remember some time ago when we were discussing the convertibles and I thought the stock would sink to 2.85, sounds like you are nearly in agreement. I beleive the declining revenues revealed yesterday area a big problem, then if the stock goes below 5 it will force margin layers out and I bet there are lots of them in gmgc, then if it falls below 3, all margin will be forced out. This will happen after the below 5 margin sales are married up with the end of year tax break sales. So, I think we'll see below 3 a share. I thought I'd buy at 2.85, but the declining revenues make me worry that this company may not really have a great product or a great market niche, so I'm rethinking even buying at less than 3. what do you think? thanks,