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Technology Stocks : Altera -- Ignore unavailable to you. Want to Upgrade?


To: bundashus who wrote (1464)12/31/1997 2:10:00 PM
From: Matthew  Read Replies (1) | Respond to of 2389
 
Over what time period does the program indicate the
rebound is to take place?

Fundamentally the stock is well priced. This stock will
likely be more expensive in 3 weeks alongg with a lot
of fellow battered high techs. This stock had a hugh dive
on pre-announced difficulties. However that warning
came based on on two weeks of weak sales. No further
warning has been made and no indication that the weakness
has continued has been seen. If it turns out to be just
small blip in the order stream and earnings come in
in-line with pre-warnings estimates then 16pts is a real
possiblity.

BTW: I am short FEB 35 Puts @$4. I am also long on the stock.



To: bundashus who wrote (1464)1/1/1998 12:16:00 AM
From: Daniel Kahn  Respond to of 2389
 
I have been long for over a year. This is a great company in a high growth industry with terrific profit margins. While the stock is very volatile, if you buy it right, it can be very profitable. In addition, it is interesting to see the lack of interest in the stock as characterized by the lack of activity on this board. To me, this is a pretty good contrary indicator. I hope your tea leaves are right, my hunch is this is a good time to BUY! Good luck!!