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Technology Stocks : New Era of Networks (NEON)

NEON 2.105

+1.7%

Nov 25 3:59 PM EST

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To: John Solder who wrote (398)	4/29/1999 12:35:00 PM
From: Will Hou	Read Replies (3) of 1222

At 35, it broke 200EMA, which is a key technical indicator and solid support, which was not broken even during last year's tech crash. Also, it broke a long term trendline (short term around 37-38). There are minor supports on the way down, but the meaningful one is way down, 24.5 or so. Short term, it can pull back. But if it does not go back up 50 and stay there for a few days, this baby is heading to mid-20s. Glad I didn't have the guts to pull the trigger a while back (it was at 60 for the record, then ran to 70s). My fear was good. (read my old postings on NEON if you want) W.

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