BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: pjconrad who wrote (4579)	3/13/1998 2:38:00 PM
From: rupert1	Read Replies (1) of 6980

pjconrad: 72% held by institutions could be bearish, as I noted some time ago; but, in BAY's case the number of institutions holding that 72% is relatively low. This is bullish, because it leaves room for a lot more institutions to add it to their portfolio; but to do that there has to be redistribution among the institutions: it may be that the last two weeks block selling has come from a few institutions holding a disproportionately large holding taking profits or re-allocating, and the accumulation by the other institutions without any BAY has not started to kick in yet, and probably won't until nearer earnings or after earnings. Just a thought! Victor

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