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Technology Stocks : NENG: Network Engines, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Hal Campbell who wrote (33)	9/17/2003 2:36:50 PM
From: Gus	Respond to of 186

BUT NIH, a block away, will be building a counter bioterrorism lab soon, and while I am sure they will be VERY careful.... LOL. That's funny. One is that NENG sure is steadily building a fine "buy the dips" tradition. As opposed to those stocks that make you feel like a dip after you buy. LOL. Normal profit-taking. NENG's up more than 7x already this year, but those who understand the sell-thru generally do not have a reason to sell and will even keep on buying. Next milestone for NENG is $10 where the CANSLIM crowd awaits. Even though NENG has graduated from being a microcap to being a small-cap, many actively managed funds still won't buy small-caps below $10. Meanwhile, this stock has become an excellent vantage point to observe the trading patterns of a stock being steadily accumulated by passively and actively managed funds below $10 and above $10. Back and fill, persistent end of day strength, dipsy doo, etc. I also think that the next earnings report (fiscal year end also) will show more activity in NENG's other server appliance initiatives. This development would give NENG a third engine of growth after Centera and TidalWire. I wouuld like to see little NENG wait until it is a teenager before issuing the secondary that will strenghten its clean balance sheet. HILL, for example, has $100M or so coming in from a secondary. INVX is another example of a storage company that took advantage of the strong overall demand for storage stocks by issuing a secondary (net proceeds of $39M) to improve its balance sheet. More on the backup and restore question later.