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


To: Al's Fun who wrote (5490)7/14/1999 9:51:00 PM
From: Cyclops  Respond to of 6021
 
Well, NETA sure is getting hot and preppy like a gal getting ready for prom nite.

I missed the opportunity to buy at around 14 to 15. However, with 15 million shares and the stock only goes up 1 1/2 doesn't look to good to me. I was lucky to get out last Sept/Oct but I have been burned on it many time. It looks more of the same hype. There has to be very heavy selling to keep the stock from going up 10 bucks on 15 million trades. Not a good sign to me. Just my hunch!!!!!!!

I would wait and buy it when it dips back to 15 but it may be weeks before the hype is over. Just my two piece.

Regards,

Cyclops



To: Al's Fun who wrote (5490)7/15/1999 11:28:00 AM
From: RFF  Read Replies (1) | Respond to of 6021
 
Al,

I don't know if they are a target or not. I was just responding to a post saying this run up was just a bunch of day traders spreading rumors. They may be rumors, but there are institutions re-building positions in the stock as well.

I bought my first block at $15 after the crash and then promptly watched it fall to $10. Swallowed hard and averaged down though. I sold the block at $10 when we hit $16 - left lots of nice profits on the table with that one, but wanted to trim the position a little. I'll hang on to the rest of my position for the long-term.