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

To: TimeToMakeTheInvs who wrote (2536)	2/16/1999 12:43:00 PM
From: vincenzo	Read Replies (2) \| Respond to of 3645

Neo is a trend followers wet dream. Once a trend is established, Neo tends to follow the trend to the end of it's trading range. Once the established trend is broken, Neo very quickly reverses course and heads methodically to the other end of its range. We are now near the bottom of the trading range. A bottom has been established at 12 and technically a base is being established. But we are still in the primary down draft channel. Where is the upper limit of that channel? $15. That's right sweet cheeks - $15. Any bouncing around below that number is ripples in an ocean of noise. But if Neo takes a little peek over $15, the downtrend is broken. It's history. For Neo will run to the top of its range without looking back. That is Neo's history - that is it's karma. vincenzo