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

To: cool who wrote (5574)	3/12/1999 6:29:00 AM
From: Ross Reller	Read Replies (2) \| Respond to of 10081

I am very long GMGC and after cc I knew sellers would exceed buyers so I am resigned to stay for awhile. I have worked for public companies and I must say Markman and McCormick did not manage the call or the callers well. You have to believe they accepted calls from the jerks because the devil you know is better than the devil you don't know. They are scared to death of the retail shareholders who account for the extreme swings in this stock's price. This stock is NOT manipulated by the big boys. It is the retail buyers and sellers of 100 and 1000 share blocks that move this stock. The heavy use of margin by retail customers plays into the hands of the shorts. The shorts may be affiliated with those who have a stake in keeping this company under their thumb. It has been noted on Yhoo that shorts keep banker's hours. Markman and McCormick are frustrated that they can't get a white knight or financial partner because they sincerely believe in their product. But they also know that they are stuck in a chicken or the egg on revenues. The money won't flow until big boys sign and the big boys won't sign on until the customers force them to. GMGC may be answering a question nobody asked -- I bought because of Andrew Seybold's white paper and composition of GMGC board. (still valid). I cannot believe the integrity of BOD that would push Markman and McCormick out into the wolves of the CC. Conclusion: double secret probation. HOLD.