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


To: ---------- who wrote (205)11/30/1998 4:51:00 AM
From: The Jedi  Read Replies (2) | Respond to of 1222
 
Thanks for the info. The complete story is at
neonsoft.com

Wonder why QuotePlus gives 2 split dates, so close to each other?

Seems like the enterprise softwares stocks are on a streak and no cooling down yet.

Here is my technical perspective
I think feuling the rise maybe partly due to the high short interest. As of 10/8 short interest was 33% (1.28ml). 61% of the stock is held by institutions. And only 41% (3.8ml) of the 9 mil is float. With the enterprise sector hot this thing can easily go to 50 post split, unless the institutions start shorting. I looked at the hourly chart there is no heavy tick distribution yet to say that the top is in yet.

But I still have a resistance at 85 and stop loss at 72 for the next 7 days.

Thanks again for the link. I thought I would just share my technical perspective.
Kiri