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Technology Stocks : Beyond.com (BYND) the NEW software.net....
BYND 1.390-16.0%9:30 AM EST

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To: Belinda S. who wrote (284)7/24/1999 8:54:00 AM
From: Kelvin Taylor   of 422
 
Belinda,

BYND has just reported earnings back on July 21:

biz.yahoo.com

They beat the estimate by $0.03. From what I have seen with earnings news most every stock from AOL to IBM to XRX(GTW and ERTS are the very few exceptions)stock prices have descended quicker than a hot air balloon with a 1000 holes. With earnings out of the way I don't see any real buying support. As of the close Friday the stock has dip below both its 50 and 200 day moving average.

finance.yahoo.com

Not a good sign of going long.
I'm sure the stock will reach a base support level but where?
That's what the charts and current market reaction to earnings is telling me.

Kelvin
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