Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0130

0.0%

Nov 14 9:30 AM EST

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To: Panita who wrote ()	6/25/1998 4:50:00 PM
From: James Wright	Read Replies (1) of 3645

As I anticipated yesterday, NMGC had a down day today. My stop limit order was triggered, and I'm now out with very healthy profits from having bought at 12 11/16. The next couple of days will show whether NMGC goes down to around 13 or not. I tend to think it will, given the technical trends evident on NMGC's chart. If it does drop back to near its prior low, I will re-buy and look for a dead cat bounce back to at least 14 1/2. However, If NMGC resumes its climb from current levels, I'll get back on board. When you pay commissions of under $10 for trades up to 5000 shares, it's no big deal to play it safe, preserve your gains, and see if a new trend develops. -- Jim Wright

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