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

To: Eddie Kim who wrote (3160)	7/11/1999 10:59:00 AM
From: SIer formerly known as Joe B.	Read Replies (1) \| Respond to of 3645

Generally speaking IMO seasoned stocks under $20 are more profitable to trade than buy and hold, ie. NMGC. The only point I was trying to make is when you buy something, having a plan is better than not having a plan. Without a plan your own emotions can eat you alive.

To: Eddie Kim who wrote (3160)	7/11/1999 11:33:00 AM
From: Fred Fahmy	Respond to of 3645

Eddie, Very enlightening post. Funny thing is... if you follow these chat groups you will never find a trader who doesn't "win" <ggg>. They are all very successful....at least in their own minds. I'm sure some people make great returns day trading day in and day out. I'm equally sure that for everyone one of them there are a hundred who have lost their shirt trying to make a quick buck. I trade from time to time....but I think buy and hold is more sound. Heck if it's good enough for Buffet and Lynch, it's good enough for me. That's why I remain primarily a long term investor, investing based on DD and fundamentals. To me NMGC looks awfully cheap at anything below 20. It could take a while to recover from current slump (due in large part to foundry problems), but notebook graphics and new business opportunities (DVD, Digital Photography) hold a lot of potential for a proven management team. I do agree, however, with those who feel that the company needs to improve PR and communication with WS. FF