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: vincenzo who wrote (2540)	2/16/1999 11:05:00 PM
From: Jerry S.	Read Replies (1) of 3645

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. This is the second day in a row that's happened. I tend to believe in the "stocking up" theory, no other explanation that I can see. Yes, there is low volume and it's due to this crappy market, but I do like that we ended the day positive - that was a feat in itself and I do think it bodes well for the future; I would suspect that a majority of buyers the last 3 or 4 trading sessions are looking at holding their positions at least for a while

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