BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: James Petersen who wrote (5683)	5/6/1998 5:08:00 PM
From: Paul Fine	Read Replies (1) of 6980

Wed was an interesting day. Although it was Cisco that reported earnings last night, it was Bay that did more volume today. Pls note that Nasdaq records a transaction twice(buy and sell), while the Big Board counts it only once. Therefore, Bay's 9.5MM shares today would be counted as 19MM on the Nasdaq(vs. Cisco's 16MM+ shares today). We are trading in a very narrow range on very heavy volume the past 5 trading sessions. Technically, I don't believe this can go on very long before the stock breaks through either resistance($25+) or support(<$22.75). Certainly the stock is under accumulation right now in anticipation that this quarter(and the next) will be significantly better than the last. The reality of that assumption will dictate the direction of the stock for the rest of the year, IMO. Paul

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