New Era of Networks (NEON) Message Board

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Technology Stocks : New Era of Networks (NEON)

NEON 2.010

+2.6%

3:59 PM EST

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To: Susan Saline who wrote (494)	5/21/1999 1:55:00 PM
From: sam	Read Replies (1) of 1222

Fibonacci numbers. Just did a quick calc. from the 35 up to the 52, and you can expect a 2/3 retracement (ie. about 40). it hit this today. If it can hold, then the next leg should be up to the 46 area. Hopefully it will break through this mark. Fundamentals still pretty good, but what concerns me is the new product direction. For the last three years they have focused on EAI for the financial sector (and been one of the leaders), now they have almost exhausted this market and are turning attention to other areas. I am not as confident that they will have as much long term success as they did with the banks. IMHO S

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