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

To: john david martin who wrote (4404)	12/12/1998 6:24:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 10081

Well, there are day traders and there are investors. I have day traded so many good stocks for quick profits and lost great returns by not holding long. In the end, I let my desire to have action blow away great strategies. For those who think Qwest is a insignificant company, they just don't get it. I think Qwest is probably the most dynamic player besides World Com and they will take decisive action to build new markets where RBOC's are too stuck in their ways protecting old markets. Sorry, but RBOC's just don't impress me as companies of vision pushing the development of anything. Then, add in the fact that Qwest is working with Netscape, which is now AOL/Netscape, and you have such a dynamic force happening here that it makes me giddy. Then, add in Intuit and you again have a confluence of events that is leading to really great things. But for those who need daily gains and don't have the vision to see what could develop, sell. Please. Logic says that there will be a lot of tax loss selling until the end of the year. Also, Congress is after Clinton again. Then you have a highly valued market which could make another correction. Then, you have developing relationships between service providers that do not happen in days and people are obviously not patient enough to wait for results. All that makes for a boring investment that could likely trade down in the next month. What's new? So people got sucked in and bought at $15. Not very wise. They jumped on momentum and got sucker punched. Same can happen in any of these kind of stocks. No one ever said General Magic was a low risk investment. Probably you should be prepared to take serious losses, but the reward will be very good if they succeed. Just my opinion. Regards, Mark