Network Associates (NET) Message Board

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Technology Stocks : Network Associates (NET)

NET 202.34

-2.7%

3:59 PM EST

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To: Joanna Tsang who wrote (4487)	3/25/1999 8:20:00 AM
From: Susan Saline	Read Replies (2) of 6021

>>>P.S. Would someone please explain "gappa gappa" for me? I missed class that day... :-) Good morning Joanna a gapping (up) stock is one that opens the following day, higher than it closed at the previous day. NETA has "gapped" up for the last 3 consecutive days Technically this tells me the chart wants to rebound, but intraday it is having much difficulty. We have resistance (selling point) at 30, with gaining support at 29 although this is a very short term indicator only short term indicators say risk is: unknown reward back to 35 short term, longer term 40. triple bottom here on 2 year chart, this indicates the support. I lack in the fundamental department, but if those of you who are knowledgeable, believe this to be a good company, then NETA is a steal at this price. My most often specialty is "bottom finding/feeding" chart reading. For those wishing to entry here in the 29's, a stop is very necessary. Sue

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