Neomagic, an IPO Message Board

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Technology Stocks : Neomagic, an IPO

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To: Mark Cobey who wrote (25)	3/22/1997 12:10:00 AM
From: JOHN CHEN	of 30

I have been following this stock even before its IPO. I believe this is a company with a great future. However, I am not going to buy the stock now. With the exception of CIEN, all IPOs tank soon after their debut. Take a look at YURI, QLIX, MISI....all tank. The reason may be the gap between what was initial priced and what price came to the market. YURI was priced first at $8 to $10; final priced at $12, opened at $15. NMGC seems to follow the same pattern. I am going to wait till NMGC gets down to its original IPO price of estimate range $8 to $10. With this terrible market condition, I believe NMGC will fall victim too. Current selling shareholders are impatient; if they see a big gap as what they paid and what came to the market, they rather do the sure thing-take profit now and run. As for how high the stock can go, I believe $20 is not a problem or even higher.

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