Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eddie Kim who wrote (3155)	7/10/1999 11:10:00 PM
From: SIer formerly known as Joe B.	Read Replies (2) \| Respond to of 3645

How do you trade "millions of dollars a day" and buy and hold at the same time?

To: Eddie Kim who wrote (3155)	7/10/1999 11:29:00 PM
From: John Ritter	Respond to of 3645

I know exactly how you feel, day trading is a tough game, position trading is better, maybe. NMGC was cheap and unwanted a few short weeks ago down below 8, I bought at 8 and below because I liked the story, it was wonderful to watch it sink and sink because, like you, I planned on buying and holding once I attained my share limit in dollars. But would you go to the beach holding say NEON in the 40s? Now 17 1/2! That is exactly why I bottom feed, if you buy something nobody else wants, you don't have many worries except the company going under, and that takes time, so I relax, if they go up great. Everyone wonders why NMGC went up Friday, well why it went up all at once is a good question, but the chart tells me why it was going to go up, so off to the beach for a few days. If NMGC is 8, I am back to long and holding, if 16, still long and holding, because my target is higher than that based, again, on the chart and the bottom feeder feeling, since it is pretty mirky down here anywhere I have few opinons on enlightenment.