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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0149

0.0%

Feb 2 1:02 PM EST

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To: Gary who wrote (2340)	1/22/1999 7:17:00 PM
From: vincenzo	Read Replies (2) of 3645

Gary - Intel has always been in the mobile processor business. They just announced four new mobile processors which should help stimulate sales of notebooks which will then need a Neo's graphics accelerator plugged in right next to Intel's brand spanking new processors. Intel's announcement was actually pre-announced some time ago so it really is not new news. I project that short interest will again be higher when January's numbers are announced based on the heavy selling which has persisted since the beginning of the year. Unfortunately, the price has been beaten down so much that the window of opportunity for the shorts to cover and make money is now open. This deflates my hoped for projection of a massive short squeeze some what. Don't dismiss a short squeeze entirely - just yet. There's still a whopping big short position in this stock, all we need is a catalyst. I've noticed some quiet block buying in the last few days which suggests some tentative accumulation by big hands is occurring. These big buyers appear to be slowly and quietly accumulating now on price dips so as to not pressure the stock price noticeably as they scarf up big knarly wads of Neo here and there. I have found out the truth about the seeming discrepancy I noticed on the Quote.com site which seemed to be showing a number of bogus big trades. Seems that I was confusing MM bid and ask prices and quantities listed on the ticker with actual trades. My mistake. Please ignore my paranoid rantings on the subject. I have every right to be paranoid with this stock. It behaves so strangely at times I wonder if Elvis lives and manipulates this stock while singing, "Whole lotta shaking going on." vincenzo

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