Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.8%

Nov 7 9:54 AM EST

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To: SIer formerly known as Joe B. who wrote (3100)	7/9/1999 10:20:00 AM
From: JH	Read Replies (1) of 3645

Own 13.5k shares from higher levels. Don't know what's happening, but healthy volume indicates genuine buying interest and momentum. May be wise to buy on dips back to the $9 level. I picked up 2k shares at $9-5/8 just now, to average down. My guess is that "small cap" stocks will become beneficiaries of new investment money as the ongoing rally broadens out. NMGC fits the bill. With today's sudden move from $8 to $10 (so far) NMGC will be appearing on the radar screens of daytraders, and it should fill the gap to $11 in no time. Question is: will it rally above $12, and if so, how high will it go? $14-1/2, or beyond? This smells like a takeover...

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