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

To: SIer formerly known as Joe B. who wrote (2377)	1/27/1999 10:10:00 AM
From: Eddie Kim	Read Replies (1) \| Respond to of 3645

This is a joke... Why did Morgan Stanley downgrade? What BS excuse are they going to give us?

To: SIer formerly known as Joe B. who wrote (2377)	1/27/1999 10:13:00 AM
From: CMon	Read Replies (2) \| Respond to of 3645

It constantly stuns me how people choose to believe that stocks are being manipulated rather than consider that there might be something they don't understand. Bulls will claim preposterous theories like your idea that Morgan Stanley has downgraded NMGC to allow shorts a chance to cover at better prices. On other threads, bears will claim that stocks being bought are being manipulated higher by promoters. Why not just accept the fact that at the moment there are more NMGC sellers than buyers. Period. By the way, it is also possible that you're behind the information curve here.

To: SIer formerly known as Joe B. who wrote (2377)	1/27/1999 10:25:00 AM
From: vincenzo	Respond to of 3645

Joe - I knew that this stock was heavily manipulated by some big players, but I didn't know they had Morgan Stanley in their pocket to help with the shake out. I guess I should have known. Last year when Morgan upgraded Neo it cause the stock to pop up just a little before the big spin down into the October lows started. The shorts have a huge position now that they are desperate to cover before the earnings release. Who they gonna call? Their buddies at Morgan Stanley. Yesterday, Neo started to run-up out of their control so they needed something to take the air out. Neo is now selling at a price only a few buck over the October low. The biggest quarter in their history is almost in the bank. And blatant criminal activity is the rule of the street. vincenzo