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

To: A. Wayne who wrote (2388)	1/27/1999 12:04:00 PM
From: Eddie Kim	Respond to of 3645

Does anybody have any substantial news? All I hear is about ATI and now Trident. Supposedly, Trident will be king in the following months and that NMGC is riding a tired horse. What are NMGC's new products? When will they start selling consumer products? When will this stock go UP?!??

To: A. Wayne who wrote (2388)	1/27/1999 12:15:00 PM
From: vincenzo	Read Replies (3) \| Respond to of 3645

Wayne - There is significant technical support at $14 which I believe will hold barring a major market move. I don't think they have any more sticks and stones to throw at this point. Once the big shorts have covered, the next push of course will be to move this baby right back up. The shorts have a lot to cover but based on the huge volume the last two days, they can clear their plates in another few days and even go net long without moving the stock price up too much. It is tough to call the exact bottom but those who start averaging in carefully at this level will be ultimately rewarded. vincenzo