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

To: Chuzzlewit who wrote (2320)	4/6/1998 12:57:00 AM
From: Wigglesworth	Read Replies (1) \| Respond to of 6021

<<back up this doom and gloom scenario with data and reasoning... Cassandra Rrgards, Paul>> Apaullo, you don't have to grrrunt! :-) To those who ain't Greek: Cassandra was endowed with the gift of prophecy but fated by Apollo never to be believed.

To: Chuzzlewit who wrote (2320)	4/6/1998 1:57:00 AM
From: Joanna Tsang	Read Replies (2) \| Respond to of 6021

Paul, Whatever Ahhaha says is a joke! ;-) 'Nuf said... Cheers, Joanna

To: Chuzzlewit who wrote (2320)	4/7/1998 2:01:00 AM
From: ahhaha	Respond to of 6021

The reasoning is consolidated in my comments and the data is well known and you'll find some of it in reply #2333. It is the nature of prophecy that you don't understand it until it is upon you, then it's too late. Therefore, prophecy is useless. This was definitely the Greek tradition as captured in the stories of Cassandra, Laocoon, and Antigone. I'm surprised that you didn't read what I had to say closely. Just because a stock undergoes a correction that doesn't mean it's busted. You should take under advisement your reaction to something contrary to your own prejudices. You can't have such attitudes in this business and survive unless you are truly an investor. An investor doesn't worry about earnings or anything else. They don't watch the price. They could care less. They hold by faith. On the other hand traders develop prejudices. You and most on this thread have been trained by bull market action to throw caution to the wind. Comments like "if they miss the median estimate by $.01, the stock will lose 80% of its price", are incoherent and either represent a hysteric stock market environment or a lunatic evaluation requirement. If you believe that such draconian results are awaiting any misstep, I can assure you that you had better get out of this stock, because the slightest thing will set off heavy selling. You don't need earnings to miss by 1 cent. Even if earnings are good, the cat is out of the bag. The stock market has been in major distribution for three months and is about to take a royal dump. They'll sell on the release of the good news leaving you holding the bag. I will give you some hard facts. Today the shares were strongly bought. 2,000 - 7,000 share blocks on cold upticks between 66 5/8 and 67 1/4 all day long. With all that market order to buy action the stock couldn't make any headway. Must be lots of non-booked supply overhead. This is called DISTRIBUTION. You need to have upside price discovery to reveal a distributive state. When marginal demand can't raise price, marginal supply is greater and when some upside price concession reveals another equilibrium regime and still marginal demand can't raise price there, you have pure distribution. The entire move in NETA since Jan 12 has been distributional. Smart money is dumping into the public through the blind purchases of the funds. The blindness comes from the fillip of cash pushed in from the strong dollar. When the charade is over, you got hell to pay because the buying wasn't prudent and cautious. That means correcting enough on any small move to bring back the fear of loss.