Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HEXonX who wrote (1323)	6/29/1998 3:47:00 PM
From: Eddie Kim	Read Replies (1) \| Respond to of 3645

>>The Naz is a big scam monster I wouldn't go so far as to say the Naz is a big scam monster. The rules the traders have to follow have gotten much tighter and stricter. I believe almost 70% of all NAZ trades go through Schwab. I may be incorrect. The only real time when we small investors get screwed is when we place market orders. The MM can technically make any price, but of course they have to be careful.

To: HEXonX who wrote (1323)	6/29/1998 6:57:00 PM
From: James Wright	Read Replies (2) \| Respond to of 3645

NMGC now appears to be trading with daily hi's and low's of 16 1/4 to 15 1/2 while it consolidates its recent gains. At least that's been the pattern over the last several trading days. I don't usually day trade, but I re-entered today after riding it up from 12 11/16 and then sold on the pull back at 15 1/4. For the next several days, I'll try to buy at 15 1/2 and immediately place an order to sell at 16 1/4, then repeat with a new buy order to catch it again when it drops back to 15 1/2. If the pattern continues, I hope to pick up some easy money while NMGC decides which way it ultimately wants to go after this consolidation phase. -- Jim Wright