Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.01000

0.0%

Jan 6 3:47 PM EST

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To: Solid who wrote (699)	4/5/1998 10:14:00 PM
From: vincenzo	Read Replies (1) of 3645

Solid - I think the downside risk right now is about $18. Anything less would be a gift from the Easter bunny. The upside potential is just north of $40 over the next year. My prediction is that we will break $30 before the end of the summer rally. Continued earnings growth and new product announcements will support and propel this stock forward over the next few months. My strategy is to establish and hold a core position and add to it on any weakness unless my parameters are broken. So if we drop under 18, this bunny is gonna go on an Easter egg hunt. Longs will be rewarded with NeoMagic if they don suitable armor to guard against the manipulations of the MM and earplugs to drown out the howling of the shorts. If the MM push the price down to stimulate trading by spooking you out of your shares, my advice is to thank them for the opportunity and buy more. Right now there are some shorts howling on the Yahoo thread. This is a good sign. It means they are nearing the point where the pain is so bad that they will buy at a higher price - just to stop the endless screaming in their tortured brains. I'm counting on them to push the price in the short term to $22-$23. vincenzo

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