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


To: Susan Saline who wrote (373)4/26/1999 3:50:00 PM
From: bob wallace  Read Replies (2) | Respond to of 1222
 
I know this is really none of my business, and I am neither short nor long neon

but the stock has suffered serious technical damage, and IMO it is definitely not good that the stock has fallen below 38 today, because this is an area in which there should have been a lot of buyers

frankly, now that it has fallen through 38 I don't see anything to keep it from falling to 25 -20. not saying it will, but there is no technical reason to think that it won't.

at best it has to bottom for a while before it starts to go up. - in other words - go sideways for a month or more and do nothing

this is my opinion only, but you might be digging yourself a hole if you are planning on a speedy recovery...

bob wallace