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Technology Stocks : BAY Ntwks (under House)

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To: George A. Roberts who wrote (5193)4/9/1998 2:25:00 PM
From: rupert1  Read Replies (2) of 6980
 
George: "The rich get richer..." George, COWEN strongly recommended BAY a month or so ago before doing a quick u-turn. Its opinion does not make CISCO a $77 stock. Value determines the price of a stock. Even without the mind share dominance of CISCO, BAY's value is substantially higher than its current share price, so the market will eventually adjust it.

On your other thoughts about investing in sector leaders - I could not agree more. I think the liquidity and trading ranges of tech sector leaders is profitable enough for most and far less risky. BAY has been a trading stock for two years now . Investors must sell on the upwards spikes as well as buying on the dips, however much they like the company and its technology. (Just as spikes represent market exaggerations, so do dips). But, George, this is a dip; this is buying time.

Victor
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