Altera Message Board - Msg: 178335

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: kevin who wrote (315)	7/17/1996 5:44:00 PM
From: A Kabili	of 2389

Well, it looks as if people didn't get suckered today into ALTR after all. I hung on for the ride and I expect to still do quite well with my July puts. Net income was reported down 24% from the 2nd quarter and 2nd quarter earnings came in at $0.52/share, -$0.14/share from the 2nd quarter. Things seem to be slowing down. Earnings are no longer accelerating and I think we can expect people to begin unloading this stock One disappointing quarter is usually followed by several more. Let's see what happens in the next two days. I have a feeling that the stock price will begin dipping. However, I wish I had your timing to dump my options a few days ago when the stock hit $25. It would have saved me the stressful day I had.....

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