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

To: James Wright who wrote (2126)	11/17/1998 8:28:00 PM
From: vincenzo	Read Replies (2) \| Respond to of 3645

Jim - Neo's price trend remains in an upward sloping channel that began in early October. The bottom of the channel is currently 18 3/4 and the top is at 21 1/2. This is now the longest sustained price rise with out a significant break in Neo's history. Shorts who bet against Neo on the way up have not been given an opportunity to exit gracefully. And now Neo is poised to run further and drop them deeper in the hole. I still believe that much of the selling in the 18-19 range was shorts net adding to their positions. We will get a better picture of this when short interest is published in about a week. Keep in mind, however, that the November data, when published, reflects the short interest as of the 8th of November. This data is reported on the 15th to Nasdaq and the short interest summaries are published on about the 23rd. My short squeeze scenario depends on a healthy increase in the total short position. Unfortunately, the squeeze could be over before the data showing the potential is published. Last month the short interest reported was the highest in Neo's history. That data reflects early October when Neo was in the 11-12 price range. For a chart of short interest follow this link: dnai.com If I am correct, (and I am never wrong!), the real short squeeze in Neo has yet to happen and will be horrific to watch but fun to be long in for quick traders. vincenzo