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

To: Abbas who wrote (625)	3/16/1998 8:48:00 PM
From: Panita	Respond to of 3645

Abbas Keep in mind that even after the Toshiba news was released today, NMGC just run out of gas. Everyone in this board knew about Toshiba. If we knew about it you can be sure that fund managers, analysts, wall streeters, etc also knew about it. I kept an eye on NMGC today. I was hopeful too that it would surpass the teens level. It just could not break 19 5/8. When it started to slip, I unloaded it at 19 1/2. NMGC closed at 18 5/8; once it hits 17's, I may consider reentering. The decision to buy and sell for me is not hard since I trade within my IRA. I wish you luck and hope NMGC climbs to a point were you make money. But remember buy on rumor sell on news.