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Technology Stocks : Bay Networks (BAY)
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To: Sam who wrote (3665)3/28/1997 9:14:00 AM
From: JDN   of 4270
 
Dear Sam: After BAY holding up Thursday despite incredible market downward pressure you will be very lucky to get back into Bay at 15+. Why would you sell for such a small gain? I figure if there is any upward market pressure BAY will rise. IF BAY should SURPRISE the street upwards or have aa POSITIVE conference call there could be a wholesale jump into the BAY! The short position is high and most people feel BAY is undervalued. jdn
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