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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?


To: DBrian who wrote (5434)7/1/1999 7:18:00 PM
From: George Dvorsky  Read Replies (1) | Respond to of 6021
 
Although the new? takeover rumours may be the cause for the runup, I wonder if the new quarter has anything to do with it.

NETA had a terrible quarter (and half). Window dressers wouldn't want a significant position in a stock that just lost 1/2 of it's value. We could see a relief rally... Relief that the quarter is over and it's safe to buy this undervalued company again. At 2x sales, it has room to move.

gd