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

To: Abbas who wrote (637)	3/20/1998 11:23:00 PM
From: Solid	Respond to of 3645

Abbas- A friend who knows much more then I about tech analysis and fundamentals AND life experience did not like the looks of Neo. He rec. I avoid it. I did not. I did lots of calling research, etc. Then it got constipated at 19.50 the other day and I realized, at least short term it is dangerous. I've been burned big time by great potential. The freak'in CFO told me, unasked, that this quarter was going to be less then folks are expecting, I didn't even ask her that ?. Also basically said as I tactfully probed about Toshiba that it is not a sure thing, that they were working hard to get good ties. That T moves slowly in changing vendors, that, 'even when we get design wins its a minimum of 9 or more months down road to announcement or sales' slightly paraphrased as from my memory. Also lots of talk about Neo no longer the only show in town. I hope they bolt up. I hope all the enthusiasm returns, but with a great Bull run, what 1100 point rise since Feb. 1, what has Neo really done? Look at most recent posts on Yahoo thread, some hopefull folks, but also some knowledgable ones talking about downside of 13 1/2 possible. I wish you the best. You have to decide, I'm a physical therapist, not an analyst, but after 14 yrs. with stocks and too many losses, I run risk but have learned to turn from it when the market does too. I can always jump back, as Vincenzo said if the Momentum returns, all I'll lose is a little profit. The other way I could loss a lot of my money. If intersted, check out the oil service sector. Tonight on Lou Rukyser they all agreed oil hit its low and will rebound to about 15 a barrel near term. All also said great time to get in on great Co.'s. I own MDCO(poss near term 31/32-12 month poss 50), SESI(poss near term 11), TMAR( was 45 was then 15, now 20 31/32 near term, 12 month 40's), EGEO(poss take over target 12month 20's) also look at CDC(12 month poss 80-100). They were all up like double or more and decimated in the winter by profit taking and bad news, too low now, but were treated like pariahs. Next week Lou's whole show is on oil...the nation heard that too tonight so could be another great week for the sector. My holding in oil advanced about 10% this week alone from my entry point. Do some research, don't rely on my word alone and see what you think. Call Gaines Berland in NY 800-296-8507. May talk your ear off and try to sell you on account with them,but will send you info(reports etc. and current) on egeo,mdco,sesi and others its their specialty, for free. I found them from Barron's they run a weekly add in the back. No I do not have an account with them. Look around the web and do some research, if interested. And I do not know what the future will hold for Neo. Great product, great market share but poor performance. Maybe it will change. All the best! Solid