Network Associates (NET) Message Board

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Technology Stocks : Network Associates (NET)

NET 196.09

-0.2%

1:08 PM EST

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To: kendall harmon who wrote (4416)	3/20/1999 10:36:00 AM
From: AlienTech	Read Replies (1) of 6021

>>Even though NETA is technically oversold, it now needs to stablish a decent bottom over a couple of days before any significant bounce is possible. I have been working over the charts and would be interested in where people think long term support can be found.<< I would think there will not be a bottom until the quiet period is over. Since we still have over a week, the stocks at the mercy of the analyists for now. it bounced off 27 with the highest volume ever so short term it might hold, but not with a downgrade from someone like merryl or first boston. Seems it was at 27 in OCT 96, 97, 98.. Hey It came early this year. Next one seems to be 20 or so but I dont think many people from those times are still holding. The last one who sold was joanna so the smart cookies already bailed. tscn.com

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