Found a goodie.
nasdaq.com
24.43 days short interest at 58K/day volume
Today's volume = 151K (also no signs of insider selling)
Up today= varies, but 25% or better
Why?
bigcharts.marketwatch.com
Neon Communications up 60 pct in wake of WTC attack
MONDAY, SEPTEMBER 17, 2001 1:36 PM
- Reuters
NEW YORK, Sept 17 (Reuters) - Shares of fiber optic network firm Neon Communications (NASDAQ NM:NOPT) rose more than 60 percent on Monday, as investors scrambled to find communications networks that could withstand assaults like the Sept. 11 attack on the World Trade Center.
Neon shares rose $1.45, or 60.4 percent, to $3.85, on the Nasdaq. The company sells fiber-optic capacity to telecommunications carriers, Internet service providers and cable TV operators.
Many of the company's fiber optic cables lie on land and rights-of-way owned by utility companies, which may help network users avoid putting all of their communications eggs in one basket -- a key concern, analysts said, in the wake of last week's attacks that disrupted communications throughout the Northeast.
"Redundant telecoms facilities are becoming more important," said an analyst who asked to remain anonymous. "Neon has alternate facilities in many locations that are different than the traditional telecoms carriers."
Neon has struggled in recent months amid the telecommunications spending slowdown, announcing Aug. 14 that it was cutting its work force by 14 percent, or 167 employees.
REUTERS
Rtr 13:36 09-17-01 |
