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Technology Stocks : BAY Ntwks (under House)
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To: DJ Levy who wrote (3230)12/18/1997 12:46:00 PM
From: adam hefian  Read Replies (3) of 6980
 
The stock has been acting so poorly over the past month,that it will approach the teens soon.Its been the worst performer in the networking sector,down 20 points in two months.Other companies that have been downgraded by several big brokerage houses have not taken a bad hit as BAY,i wonder why?Most probably the big investors prefer to keep their money in CSCO & COMS.Going back to last year,all networking stocks were trending higher and making new highs.The only one that went the other way down and made new lows each time was BAY.BAY only made a move this year from July-Oct,and then gave back those gains in two weeks.I think it will still continue its downward trend and would retest the lows made in Feb.It will take another two years before we see 40 again.Institutions will always stick with the leader CSCO.
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