BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: WiseGuy who wrote (3314)	12/29/1997 3:21:00 PM
From: WBendus	Read Replies (1) of 6980

Good showing by Bay today, lots of large 5000 share blocks going through at the higher end of the Bid/Ask spread But there does seem to be some significant selling pressure at $25. Most networkers have sold off their early morning highs back to around their opening prices, but Bay has managed to stay with in 3/8 of its high for the better part of the day, a good sign. I think that if Bay can close over today's highs, it would mark as confidence the the upcoming quarterly results and I would expect to see 27 1/2 going into the release of the numbers. I beleive that if the numbers come in as expected, and all relative measures appear to be in tact (inventory being the biggest concern), the stock will see the return of those investors who have been dumping the shares prior to years end. Watch the action in the final minutes of trade in the market, a strong close should set us up for some follow through in Asia and then again back here in the US tommorrow. I suspect that Bay will not breake 25 1/4 today but if the market is strong again tommorrow, tommorrow may be our day. Wayde.

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