General Magic (fka GMGC)

[Baja33]

Uh...yeah w/601,900 shares i'd say i've got a slight concentration issue. My plan is to sell into the strength of the next little run up. At this point, I'm just trying to get my original investment back.

I agree with you that the latest investors will want to see some solid return on their 7 large. I just hope they run it over .50 so I can get my a s s out of dodge. I do like the technology and hope the company is able to pull out of this - but for me its simple survival right now - I'm betting on the greed of the sharks. The only thing that concerns me is that since the announcement of the last round of equity the share price has slid when in the past it has gradually moved up. They have 33.3MM shares to sell - it doesnt make any sense to me why they have been stacking the Ask at .25 and .26 for the last couple of days when they can easily let it run a little at a time.

I've learned a lifetime of lessons from this one company and the market in general since the dot-bomb. Never again will I make the same silly mistakes.