Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.8%

Nov 7 9:54 AM EST

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To: CMon who wrote (2418)	2/1/1999 4:25:00 PM
From: vincenzo	Read Replies (1) of 3645

CMon - You misunderstand how this process works. Morgan Stanley has done their job. They provided the psychological catalyst with their downgrade timed expertly to create the maximum market uncertainty. Their trading desk reaps the reward of the additional trading churn this creates. The market now willingly provides the opportunity for the shorts to cover at a reduced price. When I was watching the trading this morning the majority of the larger blocks including several 20k blocks were crossing at the asked. The big hands will continue to accumulate carefully here so as not to run the price up until their plates are full. They have plenty of time to sup since the clouds of uncertainty are not scheduled to clear until February 18 after the close. By then their bellies will be full and the cycle will begin anew. vincenzo

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