BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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

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To: treetopflier who wrote (562)	8/20/1998 1:05:00 PM
From: Talk_cents	Read Replies (1) of 2477

It looks like downside resistance has been established?? Stock took a dive, going from 20 to 17.5. More important was the investment behavior after it hit 17.5! It has been pushed up, way up past the large opening gap. Recently it was near 19.5. It could have been a clobbering, but IT WASN'T after all! This behavior seems like a show of support for BEAS! This is what BEAS was missing a few weeks ago. The other side of this is that BEAS has attracted attention. Could it be that in order for a stock to push higher it would need more investors interested in it? Could it be that when investors see this stock as a mover and shaker, they start looking a numbers more closely? Let's wait and see, will it be $15 like ttf thinks or will reach $24+ ???

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