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Technology Stocks : BAY Ntwks (under House)

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To: blankmind who wrote (5881)5/15/1998 9:34:00 AM
From: jas cooper  Read Replies (2) of 6980
 
under 24 is especially a nice point of entry when the stock is at 27 1/2. but if bay drops to under 24, one must reevaluate if 24 is such a good price considering it would be below the 25 resistance.

Resistance, hell. It would mean that everything in the past two days is moot, and that House has his head up his ass thinking that his company is worth anything more than the teens, which would probably be the next stop after 24.

I think a strong vote of confidence was delivered, even if the rumor of a Nortel offer was just a rumor.

james
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