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

To: SIer formerly known as Joe B. who wrote (3163)	7/11/1999 12:14:00 PM
From: Bill Fortune III	Respond to of 3645

In my opinion the secret to successful investing (making money) is the art of invoking a discipline and sticking to it. Disciplines vary from investor to investor some base their selling points (potential gains) at certain dollar values and other on percentage of gain. And the same holds for the downsides on an investment. For those who have and follow investing disciplines they are usually winners in the long run and have much to offer when it come to giving advice. I also believe that once in a great while a stock comes along that does not fit the mold of a given discipline at that moment. And in those cases, sometimes an investor needs to step back and analyze whether or not it may be prudent to continue to hold a certain investment longer then normal to more fully maximize the potential capital gain on that investment. At least in the case of NMGC and for myself only, I choose at least at this point too move my potential selling point up rather then sell outright in this run-up. It is also important for me to remember that when a stock moves up like NMGC is doing there will most likely be a lot of profit taking and that in and of itself can put a lot of downward pressure on the stock from time to time. It is great to be able to examine all the different investing styles that show up on threads like this one, but the end result is the style that best fits an given investors needs and temperament and one that makes each of us a lot of money. I like a great number of other investors tend to buy for the longer term hold, my average holding time for my portfolio is around 4 years on any given stock. But I still trade about 15% of the stocks on a very short-term basis. I do believe that NMGC is undervalued with a P/E of only 9.8 based on Friday's close of 10 3/8. In this market I feel that a P/E of say, 15 or 20 or even higher is reasonable and based on a P/E of just 17 NMGC should be selling for $18.00++. Just my opinion though! Like the song goes “You have got to know when to hold them and when to fold them”. The best to all of you in you're investing and regards, Bill Fortune III