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Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?

To: Wealthy1 who wrote (596)	7/8/1999 10:48:00 PM
From: Erick444	Read Replies (2) \| Respond to of 1222

You have got the right perspective on this sudden collapse of NEON, and I am sure perspective is a difficult thing to maintain after the 25 point drop. I'm quite lucky to not be in NEON at this time though I've traded it as recently as a mo. ago. The stock can and IMO will recover to its recent prices eventually, perhaps sooner than one might think. A recent example is ASDV (Aspect Development). On April 1, of this year the market made the owners of ASDV feel like fools as the stock crashed overnight from 22 to 7 drifted to 6 and since that time has recouped all of loses and completed the round trip back to 22. The only ones feeling like fools at this time are the ones I would guess that sold at the lows in early April. ASDV had somewhat similar circumstances as NEON, several deals that were expected to close in the quarter to be reported didn't. They preannounced, took their medicine, (huge price decline), and if you check the chart the patience investor has been rewarded. I took a small position in ASDV at 6 and 1/2 in early April and am presently kicking the tires on NEON and thinking of buying it at these IMO bargain prices. Hang in there and best of luck to all NEON longs.