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: Bill Fortune III who wrote (2768)	4/6/1999 8:36:00 PM
From: Peter V	Read Replies (1) of 3645

Bill, despite the fundamentals for NMGC, this appears to be a "rolling stock," with the price rolling up and down on a very regular basis. quote.yahoo.com THerefore, I plan on trading it as it peaks out again. I learned my lesson the hard way by buying twice at the peaks and watching it roll down again, and sold one of those positions at a loss. The other position I held until it rolled up again (19 1/2) and sold. I got back in at 11 7/16, and it surprised me by going significantly lower. I think we are on the upswing, but I'm not looking to hold this long term, despite the great fundamentals.

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