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


To: tejek who wrote (3173)7/12/1999 12:05:00 PM
From: Fundamentls  Read Replies (1) | Respond to of 3645
 
Resistance near l1, yes...someone was selling (shorting?) an apparently unlimited number of shares through BTRD at 11. Not your usual MM walkdown so maybe just someone with a large limit order. Still sitting there, might take some volume to crash through 11.

Fund



To: tejek who wrote (3173)7/12/1999 12:11:00 PM
From: Bill Fortune III  Read Replies (3) | Respond to of 3645
 
Hi Ted and you are right. Besides stock resistance I have to believe that many of those who bought back in mid May through late June in the high $7 range are taking out profits in the 30-40% range. That by itself is putting a lot of downward pressure on the stock at the moment.

Regards,

Bill Fortune III