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

To: Gary who wrote (2245)	12/21/1998 10:18:00 AM
From: vincenzo	Respond to of 3645

beetles - The SOX is continuing to surge, now at 355. If it breaks through 365, it will make a run at 400. This will push Neo to a new yearly high. With the dow cooperating there is no place to go but up. If anyone is short here - you are truly blind to the short-term forces lined up against you. vincenzo

To: Gary who wrote (2245)	12/21/1998 12:22:00 PM
From: Eddie Kim	Respond to of 3645

Sorry I haven't responded. Low Volume is good, IMO, when a trading range is being established. NMGC's new trading range is $20-$23. Any significant break WITH HIGH Volume should be a useful indicator to determine direction of this stock. Today's action is pretty good. Although the volume is slightly below what I would like to see. This tells me that NMGC is just following the market trend. At tommorrows highs I will probably unload some of my NMGC and look to buy back in lower.