Victor, see if you can find any newsletter you like here :
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This is what they talk about BAY in this issue of InvestorTools :
"Bay Networks On The Rebound (BAY)"
Monday, March 23, 1998
"On January 20, the provider of network communication
products reported earnings that fell four cents per share
shy of analysts' estimates," writes Bernie Schaeffer about
Bay Networks (BAY). "Though the shares initially reacted by
declining some 13% over the following week, the stock has
since surged, gaining over 25% over the past month. The
shares have been trending along their 10-day and 20-day
moving averages, and have now broken above resistance at 32
following a bounce off the 20-day (moving average) that
ended a two-week consolidation between 30-1/2 and 32.
"Call activity on BAY has been quiet of late, a sign that
the shares have further room to run. Furthermore, we like
the implied volatility on BAY's options as they are at their
lowest level since August 1997. Finally, the entire
networking sector is on the rebound as the relative strength
of the AMEX Networking Index (NWX) compared to the SPX has
been uptrending since late January. Keep a watch on BAY for
further upside potential.
"Recommendation: Buy the January 1999 35 call." Schaeffer published this recommendation on February 26, 1998.
For more on Bernie Schaeffer's recommendation see "Leaps
Portfolio," March 1998, The Option Advisor. Bernie Schaeffer
provides practical options recommendations that are simple
to understand and execute.
investools.com
Mang |
