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Technology Stocks : OpenROUTE Networks, Inc. (OPEN), formerly Proteon (PTON) -- Ignore unavailable to you. Want to Upgrade?


To: Webb B Blackman Jr who wrote (133)12/12/1999 5:02:00 PM
From: Vincent Vega  Respond to of 139
 
I agree, this stock should continue moving. It is following the classic break-out pattern: run, consolidate, run, consolidate.

I will be holding for at least 1 month, barring any extreme price movements. Here's why:

1) Defer taking capital gains until 2000 to defer paying tax on them until 2001.

2) The first 2 weeks of January is historically one of the biggest buying times for small cap fund managers. Any small cap tech fund that wants a piece of the VoVPN market will take a look at NX Networks if it's trading in the teens. Remember, some project this will be a $10 billion market by 2005. This projection implies 66.7% annual growth from 1998-2005.

Regards,

VV