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

To: Panita who wrote (1332)	6/30/1998 12:35:00 PM
From: James Wright	Read Replies (1) \| Respond to of 3645

So much for my trading range theory. When I saw NMGC dropping below 15 1/4, this morning I got out. Looks like I saved myself again from another steep, rapid drop with NMGC. Last week following the rapid rise I thought the chart showed that another drop was coming, so I sold and pocketed my profits. Rather than trust my own analysis, however, I got faked out yesterday on what appeared to be a consolidation phase, and re-bought at 15 1/2. Fortunately, I caught the mistake in time this morning to bail out before any real damage was done. Trust the charts, trust the charts, trust the charts . . . Now if I could only learn to remember that lesson! So here I am, sitting on cash again and looking for another bottom with NMGC. <g> -- Jim Wright