Altera Message Board - Msg: 202359

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: Andy Chen who wrote (370)	8/1/1996 7:22:00 PM
From: eric siegel	of 2389

I really dont know at this point where Altr is going.I got in at 33.00,sold at 38.35,bought Aug 35 calls when the market tanked and thought I'd have a chance to get back in at 33.00.Now I regret closing out my entire position.I 'd never short this stock,this is a legitimate value play at these or lower levels.Upgrades and the Robertson Stephens Conf. dont hurt either,but remember how bad it looked the last two weeks?Stock has gone from intraday low of 26.50 to 42.00 in two weeks,thats over 50%!!This is not a logical market.One of my better recent moves but frankly this is a very challenging market to trade Eric

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