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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?


To: Howard Bennett who wrote (1347)9/26/2000 7:03:07 PM
From: DJ Clancey  Read Replies (2) | Respond to of 2477
 
For us non-TA's, could you explain the significance of the double top.

Don't know about the TA area, but BEA's products are hot in the field right now.

Thanks.

DJ



To: Howard Bennett who wrote (1347)9/30/2000 10:09:52 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 2477
 
TA response: BEAS enjoyed nice swing momentum move
took it from 70 to 60 back up to 80
it took out the March/April highs of 70-75

last week while Naz was suffering from doubt/indecision
BEAS held its breakout over 70 very well on good volume
relative strength has been excellent

seems to me like a slowmotion breakout
it awaits favorable climate to continue
a double top wouldve shown itself this week
dont you think?

not a holder here
I took the swing from 66 to 77
/ Jim