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


To: Straight Up who wrote (5883)4/21/1999 1:01:00 AM
From: VinWood  Read Replies (1) | Respond to of 10081
 
For those that really understand the market it would be recognized that the run-up to $15 was nothing more than a bunch of day traders feasting on the Microsoft News during an incredible "Bull Run".

This is definitely not what happened. When the Microsoft news broke GMGC jumped to $6 then it retreated to $3, it was a couple of months after this that it jumped to $15+ and then started it's latest decline.
First it was in vogue to blame money managers for manipulating the market, now daytraders have become the whipping boys.
Let's face it this company is a loser, but it has also been a money machine.