This is a quite discrete stock on the Semiconductor sector that is catching my attention...
It's forming a rounded base over increasing volume in the last few weeks... This stock is strongly oversold, and may need an upside correction...
The volume is not big yet... but just yet... ;)
Today it crossed the 50 ema, its gaining some momentum... and it's certainly gaining my attention...
Any opinions on this one ?
(I know Saffeysite posted a message about it a few days ago)
Best regards,
looks very nice Ramsburg...I see some potential. I will be looking to get in sometime today, thx(applaud)
Put Up the chart a week ago, bought last
[email protected]. Company is turning around.
Quote from: saffeysite1 on June 13, 2005, 12:23:36 PM
Put Up the chart a week ago, bought last [email protected]. Company is turning around.
Nice entry Saffey (applaud)...
Whats your trading plan ?
best regards,
nice entry saffey(applaud)... lets rock
ups ;)
I went outside to have a cigarret... and now this ? >:D
Ramsburg,
Not sure how to answer what my trading plan is? For NMGC? or in life?
It's hard to put it into one box. Sentiment or strategy?
:)Saffey -I have been watching this - - also bought in, and just took some profits using Hottingers E-zone system, whic h gave me an entry zone and an exit zone.
What did you use to identify this as a "good bet"?
I looked at 3 year performance, historical prices, macd, %R, acumm/dist. OBV, CHk.money flow, full Stoch., pattern of candles in 6 month chart. Other companys selling the same product. Then finally the price. for 0.38 it was a no brainer. I couldn't lose much. At the very least it was do for a dead cat bounce for .10 to .15. So, the rest is history.
Quote from: saffeysite1 on June 13, 2005, 01:13:03 PM
Ramsburg,
Not sure how to answer what my trading plan is? For NMGC? or in life?
It's hard to put it into one box. Sentiment or strategy?
I mean your setup for this trade ;)
For example:
I've bought @ $0.50 a small position, and my initial target was to sell my position near $1 on a few weeks... but things are getting fast ;) My stop level would be near $0.42. And thats my setup for this trade.
best regards,
$1 - Target in two weeks. If volume keeps up, sell half pos. Take some off the table. Then follow up to $2. If volume dries up before $2. I think $1.50 is fair game for the rest.
The volume is really showing up... It will double fridays volume by now... With this price action, I'm starting to think that I should had a few more bucks to my position...
Most technical screeners will show this ticker for tomorrow ;)
regards,
Days like this I wish I cashed out my 401K and put it into NMGC, but then again Greedy pigs get slaughtered. We will find another NMGC here @3STOF.
to be cont......Keep your eye on HEC..could pull the same move soon.
ciao
Saffey
find this stock from my MARKET EDGE BUY ALERT seems at the bottom,10D/50D MA cross up and wait for break resistance at 0.65, will watch in the morning.
This stock is on fire in the pre-market ! :o
+98.42%.....Volume @........354,439
NEOMAGIC CORP (NasdaqNM:NMGC) Delayed quote data
Pre-Market (RT-ECN): 7.31 3.51 (92.37%)
Last Trade: 3.80
Trade Time: Dec 8
Change: 0.00 (0.00%)
Prev Close: 3.80
Open: N/A
Bid: 6.02 x 3000
Ask: 6.10 x 100
1y Target Est: N/A
Day's Range: N/A - N/A
52wk Range: 1.70 - 7.10
Volume: 12,400
Avg Vol (3m): 58,250.8
Market Cap: 25.59M
P/E (ttm): N/A
EPS (ttm): -3.12
Div & Yield: N/A (N/A)
Nice pick, setravis! ;D
I'm looking forward to get in @ open. Are you planning to trade this little boy?
Jassssie
Oh yes, Only in America !...... ;)
Don't you just love this country!!
Time to load!
Active in the pre-market
+8.97%........Volume @.........281,673
did they go through a split or something? i don't see when it was .5
maybe a 4-1
RUNNING UP ON NEWS ! IT LOOKS LIKE $4.58 WILL BE THE FLOOR FOR THE STOCK !!! :o NICE LOOKING CHART !!!
Press Release Source: NeoMagic Corporation
NeoMagic(R) Corporation Announces Financing
Friday December 1, 8:30 am ET
SANTA CLARA, Calif., Dec. 1 /PRNewswire-FirstCall/ -- NeoMagic Corporation (Nasdaq: NMGC - News), today announced an $11.45 million offering at an offering price of $4.58 per security pursuant to its shelf registration in which it will issue 2,500,000 shares of common stock and warrants to purchase 1,250,000 shares of common stock at an exercise price of $5.20 per share. The five-year warrants will not be exercisable prior to at least the first six months after issuance. The warrants will include anti-dilution provisions that would have the effect of lowering the applicable exercise price if NeoMagic issues equity at prices below the exercise price, subject to a specified floor of $4.58. The financing is expected to close on or about December 6, 2006, subject to the satisfaction of customary closing conditions.
NMG
NeoMagic intends to use the net proceeds from this financing transaction for working capital and general corporate purposes.
A.G. Edwards acted as exclusive placement agent in connection with this financing transaction.
A registration statement relating to these securities was filed with and has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Merge the threads Setravis.
"NMGC"Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$ 8)
Bottom with a pick up in volume coming off of the recent lows.
Looks right after seeing the low volume drop in price this week.
Looks to be a Double Bottom (reversal) Pattern,
with a false BreakOut and another pullback, nice move up today, maybe ready.
52wk Range: 2.43 - 6.74
Volume: 800,633
Avg Vol (3m): 80,486
Technicals
13-day MA Cross Above 50-day MA
Close Above the 50-day MA
Close Above the 13-day MA
MACD - Bullish
Percentage Gainer
Last Price Quote is:
15.25%above 13-day MA
13.45%above 50-day MA
RS Rating: 87
Fundamentals
Key Data:
Market Cap (M): $41.96
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: LT Attractive