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

To: Joseph Pareti who wrote (2699)7/23/1998 8:19:00 AM
From: rupert1  Read Replies (1) | Respond to of 5232
 
Joseph: Among all the downgrades yesterday there were a few analysts who recommended the stock at these levels including Cowans, who follow the company closely. You may also be interested in the opinion today of Briefing COM. :

"Brief: Disturbing trend taking place in the software industry as a number of companies - Microsoft (MSFT), PeopleSoft (PSFT) and Computer Associates (CA) to name a few - have warned of slowing revenue growth.

Computer Associates (CA) plunged 30.7% on a huge spike in volume as company warned of a slowdown over the next several quarters... Sharp break obviously did serious technical damage, but for the patient, yesterday's overreaction left company trading at attractive valuation levels."

_________

Victor



To: Joseph Pareti who wrote (2699)7/23/1998 10:08:00 AM
From: Mike 2.0  Read Replies (1) | Respond to of 5232
 
My short answer is yes. Unfortunately I had to chase the stock this AM and bought 1/2 of my planned position at 41 3/4. If it drifts back below 40 I will buy the 2nd 1/2, but if not at least I didn't miss the train. Also bought ADI, TMO this AM as well.

Best of luck
Mike


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