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Technology Stocks : BAY Ntwks (under House)
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To: rupert1 who wrote (5816)5/13/1998 8:28:00 PM
From: Wayners  Read Replies (1) of 6980
 
No. You've got to look at the basic support and resistance levels to make your target predictions. Firm resistance is at $30 even. BAY will not break that period on the first try. The one day spike today held all day long. Good support for now at $27 even. I'd expect a modest gap up tommorrow and by Thurs./Friday to have challenged and gotten rejected at $30 intraday. From there I'd expect a retrace to not lower than $27 over several days to a week.
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