New Era of Networks (NEON) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : New Era of Networks (NEON)

NEON 2.010

+2.0%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: senor slim who wrote (617)	7/9/1999 5:23:00 PM
From: ----------	Read Replies (2) of 1222

Obviously a lot of people missed SOMETHING. Sales had been moving up sequentially very nicely for 13 quarters. Last quarter was (I believe), the first quarter where earnings were not sequentially higher. This is how the analysts explained the drop from the 70's to the 40's. ... the momentum mutual funds by prospectus only own companies that post sequentially higher earnings each quarter. When a company slips, they sell. The BIG signal I personally missed was insider action. In the last 6 months there have been 10 reported insider transactions...all sells.* (*Source= S&P MarketGuide). Someone on this thread has stated insiders own 40% of the company. Per the S&P MArketGuide, as of 3/31/99 that number was 24%. (Thus, part of the basis for the flurry of litigation against the company .) Everything that had been posted up until "the bomb" was dropped had been rosy, IMO. I'm no analyst, not even a lawyer or a CPA. I can read the news, go to the company website & see what is there and read the consensus estimates posted at places such as YAHOO! quotes. Naturally, the questions that remain are :"What else do they know that they aren't saying?" Again, other than the facts stated & reference sources given, everything else is just my opinion......which if my opinion is only as good as my stock picking, it ain't worth a lot! Still long NEON and still very confused. Doug

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next