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

To: Bill Fortune III who wrote (2737)	3/24/1999 11:25:00 AM
From: wily	Read Replies (1) \| Respond to of 3645

That seems like a VERY high percentage of institutional ownership. A lot of investors will stay away from a stock with that big a following. Bill O'neil of IBD recmmends a level much lower than that, I believe. I think it might be good to draw a distinction between institutions and mutual funds though, as the latter may be more constrained in their stock choices by the fund's charter, but I don't know enough about how the institutions are guided to say. I believe IBD tracks mutual fund ownership for each stock. Might be worth a trip to the library to see how this has fluctuated relative to the stock price over the last few years. wily