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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fine who wrote (2903)	11/26/1997 2:48:00 AM
From: joe feirouz	Read Replies (1) \| Respond to of 6980

Paul, how do you figure bay is 28.5 off their all-time high? Bay is currently at 30, I remember when bay traded at 48 and change. It might of even broke 49. So bay is closer to being 60 percent off their all-time highs and maybe 28.5 percent of their 52 week highs. Just trying to keep you honest. Joe

To: Paul Fine who wrote (2903)	11/26/1997 8:05:00 AM
From: Bosco	Respond to of 6980

g'day, Paul & all - Paul, I can understand how you feel (re: buy & hold) as I ve been taking a bath in many many stks who have gone down the tube after a brief moment of glory. Right now, BAY is one of the surviving stks for me. Maybe it is too late to worry about the past; however, I ve discovered that letting my portfolio stray into the margins is not a good for the buy-and-hold b/c of the volatility. It is far better to use margin for trading purposes only. But then, different people work differently. all - ve a good thanksgiving rgds Bosco

To: Paul Fine who wrote (2903)	11/26/1997 9:24:00 AM
From: w2j2	Respond to of 6980

Paul: Well said about Long term investing. However, if you had money to invest now, you would look at Csco p/s of ~8.5 vs Bay p/s of ~2.5. Also, I have come to realize that management is extremely important. Where would Bay be if it had had great management over the last 5 years??? With regard to great management, this David House not only takes no prisoners, but he is putting his money where his mouth is. I own Cisco, also, but this is where I have been putting my money recently. I am also a long-term buy and hold investor.wj

To: Paul Fine who wrote (2903)	11/26/1997 11:18:00 AM
From: Beachbumm	Respond to of 6980

Paul, I am nominating you for investor emeritus of this thread. Nine years! Whew. I confess that I have traded BAY pretty aggressively since summer of '96 and have good money to show for it. It has definitely been better to trade than to buy and hold. I have a sneaky feeling that, assuming we all do not succumb to Asian contagion, '98 will be a year to just hold BAY. That's basically my plan. My average cost on shares I have now is about 33 1/2. Happy Thanksgiving to all! Beachbumm

To: Paul Fine who wrote (2903)	11/26/1997 5:35:00 PM
From: G. Richmond	Respond to of 6980

Paul, Point well taken but there will always be the argument that not everyone bought Bay at some particular point in time whether it be 1/1/97, 3/17/94 or 7/23/96. 1/97 happens to be the start of this year and quite frankly the start of a Ludwickless Bay so it seems to be a good place to start. I think the momentum is still building and will continue to build thru 98 and beyond. The question was why buy Bay when you could Cisco. Going back 2 years Cisco was a better buy. Going back to the start of this year, Bay has proven to be a better buy. Starting today and looking back in 12 month's I think there is going to a larger % gain on Bay than Cisco. Just MHO GR