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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: Boyce Burge who wrote (510)7/20/1998 7:27:00 PM
From: treetopflier  Read Replies (1) of 2477
 
Well, we know who played BEAS today.

Dain informs their institutional investors that its time to pull the plug, spurs an opening dump that drives it down, watches the action all morning and when it looks like it might embarrass them by pushing right back through their out price, releases the press announcement to be sure it stays down.

There is ZERO surprise here. Following a major acquisition you'd expect to see them have sales slide into the last month of the quarter. Dain didn't downgrade them or revise earnings. BEAS isn't going to BLOW Q2!

This wasn't posted on DJNS until 12:53. The blocks that drove it down moved between 9 and 9:40. It has all the signs of coming back to within a buck until they put this junk news release out.

Well Dain investors, what is your repurchase price target? I won't be selling you my shares. These guys are on track to grow at 60+%. You can play all you want, but it is going higher!

BEAS, if you are listening, this is what happens in a marketplace starved for ANY news about how it is going. This crap from Dain and we ride your stock down. How about doing some PR work? The announcements about your bonds were interesting, but hardly tell us anything about the quarter, your intentions for the money or how the Top End acquisition/digestion is coming. Get your own news out. Don't let the MM (market manipulators) use the void to their advantage.
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