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


To: Jim Willie CB who wrote (1359)9/30/2000 1:19:55 PM
From: Howard Bennett  Read Replies (2) | Respond to of 2477
 
I heard on CNBC that there are alot of short sellers.

viwes.com

BEAS short interest increased from Aug to September.

Unfortunately what the technical indicators do not tell us... is the recent volume (near or at an all time high) is volume due to hedge funds shorting BEAS.

Be sure of this though....if BEAS management's guidance to analysts is positive for the following quarters (i.e. the same robust growth) there will be short covering and a large upside breakout.

I think earnings will be the key...with the clampdown by the SEC on "selective disclosure", analysts are not supposed to get info on BEAS earnings before we do.