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


To: Sea Otter who wrote (5832)4/14/1999 12:50:00 AM
From: Commando  Read Replies (1) | Respond to of 10081
 
Please stop drinking your cologne, it's a gag, a joke, a ruse, not real.....hello McFly!
Do me a favor, send me all of your investment dollars, I will hold them for a year and save you a fortune! On second thought, just send me your investment dollars. Gullable much????????????????



To: Sea Otter who wrote (5832)4/14/1999 6:59:00 AM
From: Hummer  Read Replies (1) | Respond to of 10081
 
Couldn't resist responding. I bet there were people up extra early to see what the opening bid and ask are as well as mull over what games the evil marketmakers are up to. Funny thing is, I bet CNBC has to do some kind of disclaimer before noon.

Regards.



To: Sea Otter who wrote (5832)4/14/1999 8:32:00 AM
From: Seconds Out  Read Replies (3) | Respond to of 10081
 
Very funny, Sea Otter!! It does demonstrate how crazy things have gotten, though, when an actual discussion takes place over your gag.

Yeah, I'm still here. Just took a break for a bit.

Meanwhile, GMGC still has the goods. We have been kicked around pretty good of late, and deservedly so. The company poorly managed expectations the last few quarters, leading to this debacle. Another round of margin calls last week hurt quite a few, I suppose, and further depressed the psychology and price of the stock. That area is certainly not the company's strong suit.

Now to the future. The financing, though not wonderful, is not anywhere close to a knockout punch. It is a stop gap. Some good things are coming on-line later this summer. It appears that the conversions are timed to get out of the way by then if I read it correctly. I continue to feel that the larger NOC is being built for a known purpose, and that certain alliances could only occur after GMGC could show enough capacity at the NOC. Either that, or we have a leadership that is extremely troublesome. I choose the former.

Finally, the new announcement. It is another killer app. The problem to overcome is investors' rightful concern over GMGC's ability to get their products to the mass market. They need assistance both in channels to market and in creating market awareness and acceptance. The price surge will again occur once investors have confidence that GMGC has solidified those relationships and that those relationships can accomplish their intended purpose, imho.

I believe the company will accomplish these goals. If they do, the added dilution from the financings will pale in comparison to the price gains. In the meantime, it has been a longer and more difficult journey than most of us thought possible. Let us hope that it will be worth the ride. My observations over the last year and a half still point to a very positive story here.

Best wishes to all believers in the magic.

Seconds Out.