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: Eddie Kim who wrote (2539)	2/16/1999 5:26:00 PM
From: vincenzo	Read Replies (2) of 3645

I think today's low volume action was quite meaningless. Both buyers, sellers, longs and shorts have mostly positioned themselves and are now waiting for Thursdays earnings info fix to stimulate their valuation models. Where ever Neo goes, if it goes far enough, the technicians will jump in and move it further in the same direction. Then the momentum players will join the game and roll it along some more. All the while the MM will be jerking the price around till your eyes roll right up the side of your head and your brain feels like jello in zero gravity. Looks like the MM took advantage of the low volume today to pick up about 50k in small lot stop loss orders at $13 1/2 in the last 10 min. of trading Must be stocking up. vincenzo

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