Steve thanx for your confidence in my TA but I want
rather keep a low profile here. Prudence always helps.
Having thus qualified my response I'll say this:
ALA has 200 years as a company behind them.That always
helps you in getting your future bearings and direction.
I do feel thus that they will bring to NN what it lacked:
good business acumen and management.
Certainly one has to be impressed by how fast and far
Serge T. has taken this pony out for a run.
Essentially I am basing my investment on the brains
of these two: Serge and Mathews. I just have the feel that
they will complement each othe radmirably and take this
rocket to new and far away places.
What gives me some comfort is that with ALA and NN
I feel that I am investing outside the US which in these
turbulent days maybe just the right thing to do.
The Europeans will keep buying the ALA that the US sells.
I am also comforted that since ALA/NN will sell mainly
to the carrier space, National Carriers will not have to
worry as much from where will their next dollar come from
since they have a captive audience; unlike the US where
higher interest rates may crimp run of the mill ISPs
that provide bulk internet as ZO points out.
These National carriers are starting to get privitized
and will soon start flexing their muscle and place buy orders in.
The whole thing looks very positive.
Yes ALA may retrace a point or two the next few days.
I certainly hope so; I need to buy some more and slowly
convert my
Health care holdings into a faster growth medium.
I picked ALA/NN for value and growth at a reasonable price.
TA
Message #1764 from Steve Fancy at May 9, 2000 5:32 PM ET
Tough call for me right now Tony. I think the multiple gap between ALA and the larger players will continue to diminsh. Based on this, I think the one analysts price target of roughly 400 Euros is achievable later this year. My calls all along on ALA have been out 3-9 months. Shorter term, just too many variables, but if general market conditions improve over the next week or two, I think it takes out its all time high of 55.5 and perhaps touches 59-61 before taking a break (approx 330 Euros). I'm still hoping to get out of my June options in the 55-60 range. I'd like to see it blast right through 55 soon.
Remember, these are not official SF calls, just speculation<g>. Sure looks like it wants to go higher. I notice CSCO and IBM trading up slightly after hours. Here's to hoping for a decent story out of DELL and AMAT yet this week.
Maybe Tunica or others will have a more TA oriented, or other opinion, as I just kind of mix together a little bit of TA, FA, general US market conditions, general global market conditions, pending events and some good old fashioned gut feel.
regards,
sf
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