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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Richard Estes who wrote (1661)7/8/1999 11:04:00 AM
From: -  Read Replies (2) of 18137
 
<NEON retraced 50%> That's a good point Richard... someone saw bad news coming, because April was one big sell-off (this company can't blame it on the net-sector correction - it trades more in sympathy with the networkers, which were fine in that period)... maybe Lerach's people WILL have a field-day ;)

I'm active in the networking industry, and I recall looking this company over (just cursory) six months ago (in comparison to the rocketing chart) and thinking to myself, "looks like a piece of junk, I wonder what in the world all the excitement is about"... I had just assumed there must be some great story that I didn't know about.

-Steve
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