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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (383)	1/7/1998 11:57:00 AM
From: David Rubin	Read Replies (1) of 118717

One stock which is shining lately is NETA. As you probably know it was battered in the last half of 1997 due to law suits and the McAfee/Network General merger. But recently this stock is showing the first signs of a rebound. For the first time in a long time the trend appears to be upward. Even over the past few days when the market has been in turmoil, NETA has held steady and even posted modest gains. It has now closed over 53 for three days in a row, passing stiff resistance at 52 1/2. If you look at the chart, you'll find a remarkable similarity between February thru May (just before MCAF rocketed from 50 to almost 80) and October to present. If history repeats itself, NETA could be due for another very strong rally. Value-wise, NETA is trading at 22 times 1998 earnings estimates, yet is projected to grow at 40%. It is trading at about 30 times 1997 estimates. Future estimates are conservative since there is uncertainty about the success of the merger. If the overall market conditions improve I think NETA is poised for a nice rebound.

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