Looking back NOW, I certainly would have done the same thing.
Sure, I've taken profits on stocks that have gone up before. But
was it because of the stock rising or...
The key point here, IMO, is a little blurb in a press release dated
yesterday, 7/12/99. ......in a subsequent conference call, NEON
admitted it had trouble closing sales with IBM, by far it's largest customer." Where does the IBM situation stand? "Trouble closing sales" is an ugly phrase when talking about such a huge chunk of your business.
Granted, coincidence is a possibility. But 6 insiders all having a
sell limit in around the same time, AND NEON's biggest customer now
appears to be its' biggest problem?
Seems like it would be easier to name the law firms NOT starting
a class-action suit against NEON. I sold a substantial amount of my
stock today. After reading the IBM thing last night, I honestly
don't think there will be any cheery news on the 20th. Who knows,
the stock may surge tomorrow, just to prove me wrong, (certainly won't be the first time I've been totally wrong!), but, IMO
this is gonna take a LONG time for NEON to straighten out.
Regards,
Doug |
