Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.4%

Nov 7 9:54 AM EST

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To: vincenzo who wrote (2844)	4/14/1999 6:18:00 PM
From: James Wright	Read Replies (3) of 3645

When I bought back in at 11 last week, I set a sell order at 14 1/4. That order was triggered this afternoon, for a quick 30% gain. I must say, however, I was surprised at how quickly NMGC hit the 14s. Nonetheless, I believe NMGC now will hit resistance between 14 and 15. I will watch, and try to pick up more shares if it bounces off of resistance and falls back to the low 13s to high 12s. However, if today's volume keeps up, NMGC may blow through resistance relatively quickly. Then again . . . Once NMGC ultimately clears resistance and hits 15, it should keep climbing until it hits the next resistance level at around 18 to 19. Thus, my goal is to buy again at 13 or 15. Either price will be a good buy. -- Jim

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