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Technology Stocks : BAY Ntwks (under House)
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To: Doug who wrote (4431)3/6/1998 2:44:00 PM
From: rupert1  Read Replies (2) of 6980
 
Thread: The cukoo has to be heard before the Spring.

Before every strong rally in BAY, Adam has to say (a) that Bay is going to the mid-teens and (b) that BAY has to improve its PR with the Street. Since both of these harbingers have now appeared on the thread, expect a return to the 31-33 trading range soon.

IMHO the momentum action that took it intraday to 35, created the reaction which took it to 31.50. The rest of the downleg to 29.75 was due to INTEL and broader market psychology.

Fundamentals and trends are still in place. There may be down draughts to 28 but the bias is still on the upside with spikes to 34-35 and then a big spike just before earnings to 37.

The numbers for the Florida Lotto are available to anyone willing to sign over the deeds to their house.

Victor
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