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Technology Stocks : Bay Networks (BAY)

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To: John K. Culley who wrote (2291)	11/21/1996 9:27:00 PM
From: Allen L. Axelson	of 4270

John, Your point is well taken wrt to the small investor. However, the institutional investor will see through all this short-term stuff and buy for the long-term. The institutional investor may even sell short in the short-term to push the price down further and faster - and in the process push out more small investors. When the institutional investors see what they are looking for, they will start buying big blocks very fast. After that, we will see more BUY recomendations. The small investor either needs to ride through the down turn that will be caused this quarter or sell now and buy back a few points lower. Just my opinion, al

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