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Technology Stocks : Neomagic Corp. (NMGC) -- Ignore unavailable to you. Want to Upgrade?


To: JH who wrote (3107)7/9/1999 12:45:00 PM
From: tejek  Respond to of 3645
 
RE: "Would you please explain how "MMs" have the power to move a stock such as NMGC in such a manner?"

I agree........we give the MM's way too much power. I suspect there is news behind this move up either a takeover or a major contract.....i don't believe its short covering at all. The stock has been too quiet for shorts to be involved.

ted