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

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To: chojiro who wrote (1902)5/17/2001 12:49:29 AM
From: Bruce Brown  Read Replies (1) of 2477
 
But it gets even worse. I shorted more at 37 and decided to wait to listen to the CEO on CNBC before covering at which time I put my stop in at $38.50 and left for the day. Needless to say I am still holding my position. Now I'll have to see how the morning trades and will then decide whether to close all my positions. One thing I can not deny todays move looks pretty impressive. But for me to turn bullish on the charts, the Composite needs to get decisively over 2200.

Understood. The April 20th intraday bump at 2202, the May 2nd intraday bump at 2232 and the May 7th intraday bump at 2215 (Krispy Kreme technical indicator day) would be nice to break through on a closing basis. BEAS peaked amidst this run (thus far) on the April 20th intraday basis at $45.73. Will it climb back based on the quality earnings report and raised EPS guidance going forward? Time will tell...

BB
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