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Technology Stocks : Bay Networks (BAY)

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To: Sam who wrote (3782)4/11/1997 10:39:00 PM
From: Sam   of 4270
 
JDN and Al,
The short term uptrend is now over. The CPI will be released Tuesday (same day BAY qtrly is released) and I feel it will be high, around .4. That will take the market lower and increase the requirement on BAY eps gains to avoid a negative day/week. By Wednesday evening the DJIA will be around 6100 with BAY near $11. Accumulation from there to May 5 "Vision statement" by House will prove very rewarding. That's my scenario and I'm sticking to it! This is not meant to be negative as I am extremely bullish on BAY and entend to accumulate as much as I can during this three week period.
Sam
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