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

To: Len who wrote (404)4/29/1999 1:56:00 PM
From: John Solder  Read Replies (1) | Respond to of 1222
 
Internet weakness, a la AMZN,AOL... A whole lot of selling goin' on.
I'm still waiting for an entry point. It will be interesting to see if the trend of late day buying kicks in today. Being that tomorrow is Friday, and all this weakness, I'd be surprised.



To: Len who wrote (404)4/30/1999 7:45:00 AM
From: d_trader_99  Read Replies (1) | Respond to of 1222
 
The slow down of sequential revenue growth was the problem. 1999Q1 revenue was 29 million compared with 27.5 million in 1998Q4. NEON had double digit growth in the past 6 quarters but not this one. To support a 100 PE, you need to keep a double digit revenue growth. NEON now is under its 200 days average after broke it support at 41 two days ago. Further down draft is possible.


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