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


To: wily who wrote (2311)1/12/1999 12:49:00 PM
From: vincenzo  Read Replies (1) | Respond to of 3645
 
wily - you should have posted that last post on Friday the 13th - that would send a chill down the old spine!!

I can unload my holdings faster than you can read this post, thanks to that wild and wacky internet. I will unload Neo if the SOX fails to convincingly break through 400. It has tested it twice now and is currently retreating some. It should continue to be volatile the next few days due to Intel's earnings announcement today.

I remember last year this time we had a nice run up in the market the first week of January then a sell-off, particularly in high tech, for most of the remainder of January. I think we may see something similar this year after some of the major techs report - kind of a day after hangover.

If Neo drops further in the next two weeks, it will provide a great buying opportunity for short term traders to enter for the earnings run-up. I'm predicting that Neo will beat their earnings estimate (.34/share) by 13% when they report Friday Feb. 13!!!

vincenzo



To: wily who wrote (2311)1/13/1999 1:20:00 PM
From: vincenzo  Read Replies (2) | Respond to of 3645
 
wily - the 13's be with you. Unbelievable morning. I was about to kneel in your general direction and cross myself when the SOX took off like a rocket and Neo soon followed. I couldn't help myself and bought more Neo at $18.5. As I write this, the price is over $20 and the SOX is over 400

I'm now predicting that Neo will be somewhere between $16 and $26 by the end of the day. No wonder I seem a little crazy sometimes; I am trying to understand the market.

vincenzo