BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: Paul Fine who wrote (5101)	4/6/1998 9:10:00 AM
From: Doug	Read Replies (1) of 6980

Paul:That was an excellent appraisal of the situation.Irrational as it may seem the market is willing to pay for margin and sustained growth. Whilst technical discussions and concerns of micro details are interesting and lead to voluminous exchanges,they have not moved stock prices. Looking back, the correct call was to have sold BAY at $35. Admittedly no one can call the exact the top. However, the facts are the majority called for $45-50 by May/June. A postmortem analysis will show that the consensus was way off both in price and timing. The odds are that the price expectations of the street for the next Q is far lower than those expressed here.

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