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To: Dale Baker who wrote (386)1/12/1998 11:32:00 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
If anyone needed confirmation that this is a volatile, momentum-driven market, the last two hours proves it in spades. Look at the number of stocks which have traded in 2 - 5 point ranges in that time span. Incredible.

Watch MOT earnings after the close...



To: Dale Baker who wrote (386)1/13/1998 12:21:00 AM
From: David RubinRead Replies (2) | Respond to of 118717
 
Don't bother with NETA for now ... the rally was broken, possibly by some neutral comments by Merrill Lynch. Whatever the reason, the rally failed and there's still some short-term downside.

I still think this is a good company and the market is underestimating its potential growth with a current PE that is down to about 26 at the moment. It also has the potential to be a great momentum play when the market reverses itself.


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