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

To: HandsOn who wrote (4752)	4/6/1999 8:51:00 PM
From: Edwarda	Respond to of 6021

I am not surprised. The reasons for the first-quarter miss call into question the growth rate assumptions that underlie P/E-based and price-to-revenue-based valuations.

To: HandsOn who wrote (4752)	4/6/1999 9:51:00 PM
From: Susan Saline	Read Replies (3) \| Respond to of 6021

it traded till 17:03 21 3/4 to 21 15/16 the largest trade I saw was 75,000 at 21 15/16 at 16:31

To: HandsOn who wrote (4752)	4/6/1999 10:50:00 PM
From: Wheats	Read Replies (2) \| Respond to of 6021

Instinet means nothing, anyone care to guess how low we go? Most institutions haven't unloaded yet, and, of course, they always do before its over. Also, as ASDV and AXNT shareholders can tell you from recent experience, these surprises drive prices much lower than what a reasonable person might think. Also, they tend to do down much lower after the opening. So, if you own some, you may wish to sell on the opening, then repurchase about an hour or 2 later. I say 15 tomorrow, but who knows? As I said in the final trading hour prior to the news, I totally exited, some the previous day @ 32, and the rest @ 22 (my cost was $28 1/2 so I lost money here). OK, so I'm not that smart, but I did cut my losses. Did anyone notice over the last week when Melissa made its debut, it quickly rose to 34, but dropped really fast? Looked funny to me. And on Monday with the DOW up a gazillion points, NETA sucked wind. It was obvious something was up, and in these cases its best to own up to your mistake and not stick around for the news. I think in the long term, its probably OK, but it will take time -- dead money in the mean time. Credibility has been lost.