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

To: kendall harmon who wrote (4416)	3/20/1999 1:19:00 AM
From: Michael R.	Respond to of 6021

I think that we was the bottom today @ 27 What do you expect to happen on Monday?

To: kendall harmon who wrote (4416)	3/20/1999 1:45:00 AM
From: mrknowitall	Read Replies (2) \| Respond to of 6021

Kendall - I go back to something I said during one of my cautious periods on NAI back last year - confidence in the operational management has been severely shaken too many times; the board is terribly thin, management is chaotic and the artificially high price (as in, Larson image) of the shares has blinded the analysts to the real value. The "cockroach" theory is, as you say, at work - I called it the emperor's new clothes, but it is essentially the same. There is no bottom on the price; we should expect a flurry of spin from the PR wing until real numbers have to be announced. That mass-effort bailing of the boat will keep it from foundering but someone at the helm should have recognized the water level long before now and kept some able-bodied hands on board to stop the leaks. Problem here is that a company of this size cannot afford to be run purely on the "cult of personality" of top-down rank - no one wants to call the officers to task and those with experience who murmur are soon gone. The users (the paying passengers) and the investors are finally seeing the results. Gotta' life jacket? Mine was WMT when I saw NETA do the slinky-dance down the stairs down some time ago. Mr. K.

To: kendall harmon who wrote (4416)	3/20/1999 10:36:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 6021

>>Even though NETA is technically oversold, it now needs to stablish a decent bottom over a couple of days before any significant bounce is possible. I have been working over the charts and would be interested in where people think long term support can be found.<< I would think there will not be a bottom until the quiet period is over. Since we still have over a week, the stocks at the mercy of the analyists for now. it bounced off 27 with the highest volume ever so short term it might hold, but not with a downgrade from someone like merryl or first boston. Seems it was at 27 in OCT 96, 97, 98.. Hey It came early this year. Next one seems to be 20 or so but I dont think many people from those times are still holding. The last one who sold was joanna so the smart cookies already bailed. tscn.com