BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: rupert1 who wrote (5362)	4/16/1998 11:36:00 PM
From: Mang Cheng	of 6980

Victor, I finished the cc though I have no position on BAY. This is exactely a replay of coms' earning last month. Street expected 12 cents for both coms and bay and they both came up with 4 cents !! (I said before coms and bay should merged to fight Cisco and nobody listened :-) All of the bad news were already discounted by the drop from $34 to $24 during the last two months. Tomorrow BAY could be marked down $1 by the MM but should stay in the $22-$24 level for a week or so. I doubt very much it will break thro' $22 since that's the resistance level set up in last December and it should be very strong. Unless further bad news came out, it should not break-thro' $22. Shorts will start covering tomorrow. It will be a trader stock till next earning. It will go up $5 by early next month - but don't expect any breakouts. Then down $3-4 before option expirary. Then up and down up and down. Strategy : buy when it hits $22, sell $26-27. Buy again $24. Sell again $26-27 ... etc. Believe it or not, it's pure speculation on my part. Mang

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