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

To: AlienTech who wrote (3933)	1/6/1999 11:04:00 AM
From: Taby	Respond to of 6021

The stock has dropped 14 points from its high in two days! is this market inefficiency?

To: AlienTech who wrote (3933)	1/6/1999 11:07:00 AM
From: Richard Haugland	Read Replies (1) \| Respond to of 6021

The SEC redefinition of write-offs has hit quite a few stocks. One of the first was another stock I hold SMMT. It dropped about 20% when that news came out but has since recover to about where it was. However that has put a severe crimp in its progress in this strong market. This may do the same thing to XETA. I believe that the government has just discovered another new tool to accelerate tax collections and defer deductions (or just closed a big loophole). I expect this to continue for a LOT of other companies that have been doing acquisitions. It may be good to short some of these. Unfortunately I covered my NETA shorts at 61-63 then went long. Bad mistake. NETA back to about 55 now but I bought more at 55 9/16. Hope to sell that yet today at 57 +.