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

To: vincenzo who wrote (2148)	11/25/1998 2:06:00 PM
From: Eddie Kim	Read Replies (2) \| Respond to of 3645

I like NMGC, but I lack confidence in this stock. Overall, I feel the market has overextended itself and will pullback 300-400 points in the following weeks/days. I fell NMGC should drop back into the mid-$17s. I'll look to buy then.

To: vincenzo who wrote (2148)	11/27/1998 12:44:00 AM
From: Mad2	Read Replies (1) \| Respond to of 3645

I was quite suprised as the rise in short interest on NMGC, an increase of 600,000 in short sales over 1 month (25%) while NASDK short interest declined a bit. Vincenzo I've enjoyed a nice run from 11 1/8 however even before buying in I get a feeling there is something about this stock that doesn't make sense. Is it the fear that chips and tech (Intel) will jump in and spoil NMGC's party or something. This increase in short has to represent a bearish view on NMGC, as compared to the sector. What's your take?