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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: William Richard who wrote (8529)	2/10/1999 2:31:00 PM
From: snerd	Respond to of 56535

ASCT... Hmmmmm..... Maybe that 6 1/2 buy is gonna bite me! Snerd

To: William Richard who wrote (8529)	2/10/1999 2:37:00 PM
From: j.o.	Read Replies (2) \| Respond to of 56535

(S) NMGC - Trying to stabilize. This stock has been hammered from the low 20's down to 13.5 now. The lows were around 12 a couple of days ago. It looks like we might trade down over the next couple of days, but I think that the stock is well supported around the 12-13 level. Earnings should come out on Feb 18th, so it might make sense to look for a pop there. PC sales have been so strong that NMGC's multimedia accelerator chips for laptops must have taken part. Company going through some difficulty since they are changing product cycles, but P/E remains rock-bottom. I bought some around 13.5 last week. Might add more if we trade sub-13 again. jo