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Strategies & Market Trends : Position Trading Forum

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To: Nandu who wrote (5509)	11/8/1998 11:58:00 AM
From: wily	Read Replies (1) of 7247

XYLN is my pick this week (hope I'm not emabarassing everyone with my originality). I think this breakout will hold and we could see 20 this week, looking for 25 eventually. Will there be a market pull-back late-week ahead of the Fed meeting? The other stock I like, probably for the following week (or later) is NMGC, market leader (54%) in embedded-dram graphics chips (fabless) for notebook computers. 10% earnings surprise Thursday after the close with positive CC. Stock was incredibly beaten down (to 11, hit 19 1/2 Friday). Institutions (I presume) were selling blocks up until a few days before it took off. Boggles the mind. Maybe they bought back in?? Their market share increased since last quarter (from 49%). I can see the stock consolidating for a few weeks and then heading on up to $25, over-all market permitting. news.com wily

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