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

To: Susan G who wrote (1663)	3/20/2001 2:26:05 AM
From: Bruce Brown	Respond to of 2477

I cannot get too excited until BEAS breaks the downtrend line in this primary leg which - if one uses the last 'minor rally' of last week from $28 and change up to $38 (last Thursday) - means we need to break out above $38 and hold it for a while to at least signal any kind of a breakout or trend reversal being set. On the other side, we need to watch that $28 - $30 area to see if it breaks down below that. If neither is broken, maybe some type of a trading range between the two could be set up for a while as the stock attempts to form a base between buyers and sellers reaching some sort of an agreement. BB