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Technology Stocks : BAY Ntwks (under House)

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To: Samuel Lee who wrote (5259)4/15/1998 4:13:00 PM
From: rupert1  Read Replies (1) of 6980
 
Thread: A modest good day today. Volume and uptick at the end signifies that nobody is trading on certain bad news, the majority are looking for good news. If today's reception of Intel and Compaq is anything to go by, then meeting earnings, or just missing, will be acceptable if the future prospects look promising as described in the CC.

However, some of today's gains may be due to broader market movements in favour of tech stocks. If there was to be some profit-taking sometime tomorrow, then BAY may lose a percentage of its gains.

I bought 5K at $23+ today and would buy another 5K tomorrow if the price drops to $24 3/8ths.

I hope Friday will not bring recriminations. The more the general market advances today and tomorrow the more vulnerable it will be to options expiry on Friday.

Victor


BAY NETWORKS INC Symbol: BAY
Security Type: Stock
Last Trade: 25 Net Change: +1 3/16
Bid: 24 7/8 Ask: 25
Day High: 25 Day Low: 23 11/16
Volume: 5,899,100 Last Trade Tick: +
Bid Size: 100 Ask Size: 500
Last Quote Date: 04/15/98 Last Quote Time: 16:01:30
52 Week High: 41 7/8 52 Week Low: 15 5/8

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