Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

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To: bobby is sleepless in seattle who wrote (1030)	1/3/2001 9:43:25 PM
From: Susan G	Read Replies (1) of 5732

Awesome trades on BEAS bobby! You conquered the BEASt bigtime <g> Another opinion, with so many different ones out there, sent en masse in emails, it's no wonder this stock is a volatile animal. No one knows which way to go and that keeps it a great trading stock. BEAS (Bea Systems Inc--$67.88; +14.75; optionable (BUC)): Computer Software & Services: Business Software & Services STATUS: Strong move up from Tuesday's closing price of 53.13 (the stock opened just cents lower) on strong volume of 27.6 million (avg. 9.8 million). BEAS closed right on its 50 day MVA, and we are looking for a continued move up as the software sector gets a boost from the BMCS positive earnings forecast for the third quarter. On a possible pullback, we expect support at the 65 level. On that move, let the stock break back over the 50 day MVA (67.99) for taking positions. BUY POINT: Over 68, after a pullback to 65, on continued strong volume. POSITION: Stock and/or March $65 calls to buy (BUC CM). investmenthouse.com

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