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: vincenzo who wrote (1580)	8/3/1998 4:59:00 PM
From: James Wright	Read Replies (1) of 3645

Today's Score: Dung beetles 0 Elephants 1 My stop loss kicked in when NMGC dropped below the support level of 15 1/2, and I got out between 15 3/8 and 15 1/2 on the way to the 14s. This is one crazy market. I never expected to see the 14s again, but then again, I don't have a crystal ball. Normally, I would say that NMGC closing below 15 1/2 is very, very bad. But at this point, nothing seems to be acting in predictable ways except that the market is dragging everything down. -- Jim

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