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

To: AlienTech who wrote (2842)	8/3/1998 3:46:00 PM
From: Mike 2.0	Read Replies (1) \| Respond to of 5232

I must confess that the behavior of this stock defies other big "tech value" plays of past...EMC and XRX a couple years ago, and ADI and TMO today, all fell significantly but then found a bottom. Not so for CA, much to my surprise. Is there more than meets the eye? I don't know but FWIW I've protected my recent position with puts to avoid the big (2nd?) Kahuna for this stock, should the other shoe drop...

To: AlienTech who wrote (2842)	8/3/1998 3:49:00 PM
From: rupert1	Read Replies (3) \| Respond to of 5232

Thread: Any longs familiar with CA's past practices care to predict whether the 8th August meeting will be used to address the share price or whether any announcements will precede the meeting? My own uninformed impression is that CA is quite aggressive in promoting/defending share price. The fact that the company has been so quiet since the deluge suggests that it may be cobbling together a coordinated strategy (possibly comments and news) and biding its time until an announcement can have maximum impact with most of the panic and the ill-will wrung out of the market. On the other hand, it may be quiet because the news is very bad and might be getting worse. But we are now getting to the kind of levels where even worse news would have a diminished effect on the share price and where any good news will have an increased effect. Until told otherwise, I still believe that the fall is overdone and that much of the loss will be recovered within six months. At these levels it is tempting to double up; a return to $44.5 on a doubled up basis will give back all losses assuming $58 as an original starting point. Buying and selling between $31 and, say, $39 could have the same effect. All declines do eventually hit a rock bottom figure and it is usually intraday, when it happens. I'd be interested in the comments of other longs or potential longs. I am not asking for a repetition of those views that CA is (a) a bad company to work for or (b) fraudulent in its accounting - I think those who hold those views have made them very clear. Victor Victor