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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (11532)	1/7/2002 7:25:15 PM
From: Cape Blanco	Respond to of 23153

I THINK I heard Goldman upgraded it.

To: Second_Titan who wrote (11532)	1/7/2002 11:48:00 PM
From: que seria	Respond to of 23153

Second Titan: I read Goldman's piece today and they're strong in support of BEAS. They say the company has won a couple of 8 figure contracts lately, and the competition is overblown. There's no denying that IBM (Websphere) is real competition, but the others remain would-be contenders with products 6+ months from deployment. Goldman suggests (not predicting, mind you) that BEAS' valuation (long the key argument against buying it) could be a very appealing 37x (as I recall, by 2003) based upon purchase now, if earnings potential is realized. I sold March or April calls (can't recall which), strike 17.5, against half my position, expecting a retrace given the weak market and the gaps up. I like to lock in profit with ITM covered calls, and the last 2 years I've usually managed to keep the stock for potential LT cap gains if I could stand the market risk that long. Edit: There's a lot of volume behind the BEAS move, and the indicators aren't saying sell, but I prefer to be early than late in cashing out of bear market rallies. I suspect, looking at this chart, that the stock is just chinning itself on 20 and won't go much higher: stockcharts.com[h,a]dbclyiay[dd][pc25!c50!c200!i!f][vc60][iUb14!Uk14!Lc14!La12,26,9!Lp14,3,3!Lg!Ll14] Courtesy of Stockcharts.com! I've got my other half position in case I'm too early taking money out of my position.