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

To: lindalib who wrote (194)	11/24/1998 2:40:00 PM
From: ----------	Read Replies (1) \| Respond to of 1222

Personally, I'm very surprised by the run this stock is having. I've looked everywhere I know to look for analysts comments, upgrades, news, etc. The stock continues to make new highs. It hit 68 today. Decent size trades, too. Not like someone threw a dart to pick it to buy. (Or if they did, they got REAL NICE darts. <g>) The 4.6 million shares after the split is / should be common knowledge. While I have absolutely no additional knowledge other than what is publicly available, my wild guesses are: 1) IBM is having a much better quarter than had been predicted and NEON is a beneficiary of that. 2) The stock issuance was done for the purpose of raising cash for a company purchase that was pretty much finalized & rumors are leaking out. 3) There is absolutely no logical foundation for the stock rise and it will come down soon. I'm one of the last people on earth who would short a stock, any stock! No guts. The concept of unlimited losses is more than I can tolerate. I have nothing against anyone shorting a stock, regadrless of whether I own it or not. Eventually, the market will declare a "winner" and the opposing positions will make the winner even more profitable as the scramble to "dump" or "cover" occurs. As the late Woody Hayes said: "There are 3 things that can happen when you pass the football and two of them are bad." I feel the same about shorting, so my opinion is very biased. Regards, Doug