Ahhh, cummon, ya don't need to be Altmer to get 700 magicka. I mean, after items (or rather, item), I have 875, and without i'm about 600. And Magick isn't even on the list of "go for its" on Argonians. Then again, what level are you at? I'm at 72, and I have about 6 mil worth of gear on my person, so that might explain things
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Get up, stand up. Come on, throw your hands up.
If you've got the feeling, Jump across the ceiling.