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Technology Stocks : BAY Ntwks (under House)
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To: George Poonen who wrote (4399)3/4/1998 9:48:00 PM
From: 5,17,37,5,101,...  Read Replies (1) of 6980
 
A few brokerage houses issued positive statements about Bay recently which were followed by weakness in Bay shares. The chart doesn't look good for tomorrow. I think an intra day low of $27.00 is reasonable followed by a close near $30.00 +/- $1.00. The Intel spook factor is at play with Asian crisis still looming. Also bullishness is fairly rampant now; a good shakeout is in order, maybe a 200 point drop in the Dow intraday IMHO.
Jackson
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