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: James Wright who wrote (2179)	12/3/1998 3:04:00 PM
From: SIer formerly known as Joe B.	Read Replies (1) \| Respond to of 3645

Looking good. Congrats to whoever is still in.

To: James Wright who wrote (2179)	12/4/1998 11:44:00 AM
From: vincenzo	Read Replies (2) \| Respond to of 3645

Jim - I choose an interesting day to exit for a while, right before a nice run up. I was put into a cautionary mode by the weakness of the overall market. However, the SOX has continued to be strong sending a conflicting signal. The technicals for Neo still seem very bullish, here. It retreats somewhat on low volume but springs right back on high volume. It suggests institutional accumulation to me. They accumulate aggressively for a few days, then sit on the side lines and let the price drift lower before jumping back in. In this way they can build up a large position without blowing the price up too much. All we need is some catalyst to force this stock to jump to the next higher trading range. The market breaking out of it's short term down trend would probably do it. I hope to re-enter before that moment comes. So much for my feeble shots at short term trading. vincenzo