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Technology Stocks : BAY Ntwks (under House)

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To: rupert1 who wrote (4593)3/16/1998 2:40:00 PM
From: eric podell  Read Replies (2) of 6980
 
Victor: Is it silly to think the Street knows something that they(Bay) haven't even announced to analysts? I just saw a piece on CNBC which put forth the notion that close to half the companies in the market made it a practice to release news to favorite analysts and institutions before making such news public. Most of the time they were unaware that that there was something wrong with doing so. I think its silly to think that there is not news disclosed either directly or by inference to the big boys before the rest of us know it. Do you think this relentless price action is because everybody woke up and decided to start selling Bay because they were all suddenly scared without any reason? If bay is on target why not say so. The further down we go the more overhead resistance is created; making it more difficult to reach even recent price trading ranges.
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