General Magic (fka GMGC)

[Koikaze]

Good Morning, "V". Going to sleep with a smile on your face must be one of the most rewarding experiences known to man.

Thanks.

Now, I must get down to the serious business of responding to your message.

First of all, I'm amazed that you were taken in by that obviously spurious publicity release about General Magic. You should know, by now, that General Magic NEVER releases important news on a Tuesday. We've been told, by no less an authority than Dave Gurgel himself, that General Magic releases news on THURSDAYS, not Tuesdays. How could you be deceived by such an obvious flim-flam job?

I must also point out that when you suggest the next number in the series is 18, or 21, or 22, or even 15, you are ignoring a fact you MUST have learned in your years in this business: We have a stock that went UP 57% IN ONE DAY! To imagine it is going to follow that up with ANOTHER leap of even 36% is allowing your enthusiasm to get the better part of your judgment. As you are fully aware, we must go through a period of consolidation ... we must build a base ... before we can carry on to higher levels. Oh, sure, there may be little spikes here and there, but the wise investor will wait for the stock to come to him.

Still, you and I should congratulate ourselves. We hold shares in a company where there is no threat of accounting misdeeds. The fact that it's because there's nothing to account does not detract from the honour of our management.

One part of your message wasn't clear to me. Is my Bluetoothbrush a part of the WCOM empire? Am I in danger of death by deception?

And, since I'm on the topic, how did you like the timely news that such stalwarts of integrity as Citibank and JPMorgan are being accused of encouraging creative accounting techniques. Ohhhh. Is nothing sacred?

Fred
iHUB is my hub!