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: wily who wrote (3346)	9/12/1999 1:13:00 AM
From: thedewar	Read Replies (2) of 3645

Large blocks often go off above, below, and at the ask price. MMs accumulate shares and sell to a buyer. The buyer of large blocks don't care about small fluctuations in price as they are usually in for a long term investment. When large blocks are executed on the Nasdaq they don't seem to affect the price either up or down, unlike the NYSE. I would take large block buying as a pretty bullish signal for Neo. I averaged in as Neo bottomed at $8 for 5000 shares. I hope patience is rewarded! Remember: ALL TRANSACTIONS have a buyer and a seller. MM's are not investors. They make their money on the spread. Some are just more scrupulous than others. thedewar

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