Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.4%

Nov 7 9:54 AM EST

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To: HEXonX who wrote (1323)	6/29/1998 6:57:00 PM
From: James Wright	Read Replies (2) of 3645

NMGC now appears to be trading with daily hi's and low's of 16 1/4 to 15 1/2 while it consolidates its recent gains. At least that's been the pattern over the last several trading days. I don't usually day trade, but I re-entered today after riding it up from 12 11/16 and then sold on the pull back at 15 1/4. For the next several days, I'll try to buy at 15 1/2 and immediately place an order to sell at 16 1/4, then repeat with a new buy order to catch it again when it drops back to 15 1/2. If the pattern continues, I hope to pick up some easy money while NMGC decides which way it ultimately wants to go after this consolidation phase. -- Jim Wright

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