Network Associates (NET) Message Board

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Technology Stocks : Network Associates (NET)

NET 184.20

-2.2%

3:59 PM EST

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To: TraderGreg who wrote (4337)	3/19/1999 12:53:00 AM
From: Chuzzlewit	Read Replies (2) of 6021

I guess you feel the fools that bail have only themselves to blame. Exactly. A downgrade from strong buy to buy didn't cause this. If that was the siren song song to the momentum "investors" (that's an oxymoron if ever there was one) they sure went willingly to their doom. Maybe there was something that we don't know about that insiders leaked, but sure as hell it wasn't the downgrade that did this. If you want to talk manipulation think in terms of thinly traded stocks where a couple of market makers trade back and forth among themselves to fix a price and in the process either squeeze some shorts or pick up people foolish enough to have put in stop losses (which, by the way, I would hazard to guess caused a lot of today's anguish). TTFN, CTC

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