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Technology Stocks : Neomagic Corp. (NMGC)
NMGC 0.007500.0%Dec 24 9:30 AM EST

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To: Ron Flanigan who wrote (738)4/24/1998 4:59:00 PM
From: ronco  Read Replies (3) of 3645
 
Im in today at 21.5 and amazed at the inactivity on SI over the stellar performance of NMGC. Granted we may be in for a correction, however noting the sound performance of this stock in a niche market surely has some merit. Today we had good volume, +5/8s with tremendous ratings in a down market. Technically we've broken out and are headed higher. Appeared to dip on a few poor reports of other like stocks over the last few days and continues to show its strength. What am I missing? I think this is a 26 dollar stock which will only be warming up for a strike at 30 by summer. I say this in the face of a 2 to 300 pt. correction over the next 3 months only to prove its strength. Without it, I say we're looking at 35 with the fundamentals in place. Thoughts?

Dave
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