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Technology Stocks : NetNation Communications, Inc - NNCI

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To: Ali Shahbaz who wrote (93)8/25/1999 8:55:00 PM
From: Carl Smith  Read Replies (1) of 121
 
Ali, shame on you ...

You were correct about the news. The recent price increase from $4.00 to $5.50 was probably a result of the Netzero announcement. Therefore, if that is the case, then the stock price rose from $4.00 to $5.00. That equates to a 25% gain.

When earnings are to be announced we can probably expect to see a similar share price action until earnings are officially released then we might see a 50% re-tracement of that gain.

So in my book your prediction was right on so there is no reason to apologize.

Carl Smith

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