Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0140

-6.0%

Feb 6 9:30 AM EST

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To: vincenzo who wrote (2325)	1/14/1999 9:13:00 PM
From: Ronin	Read Replies (1) of 3645

Sounded pretty stupid didn't it. Well something interesting happened in NMGC today. Near the close someone bought 40 of the 22.5 February call options at 3/4. Lets hope that they know exactly what they are doing. The price bounced right off the 18 3/4 level today. A key Fib retracement zone (38%). If the stock closes below the 18 3/4 level, it's anybody's guess. On the positive side, a close above 20 1/2 would be very bullish in the next 30 days or so. IMHO John

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