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

To: Typhoon who wrote (3040)	12/10/1997 10:32:00 AM
From: jelrod3	Read Replies (2) \| Respond to of 6980

Arf,Arf,Arf...Let's face it, this stock is a dog. Now trading below 25! I'm beginning to think that Barton Biggs was right last March when he predicted that we would be entering a tech bear market...look at all the stocks that have been killed over the last several weeks! Great buying opportunities? Or is Biggs correct when he said that tech is cyclical, and that the bear cycle would be upon us in late 1997 and early 1998? He made these pronouncements in March 1997, and his predictions seem to be "right on" from all appearances. I'm not a fan of Mr. Biggs or any other analyst...but do we have our head in the sand? Are we ignoring rather obvious drum beats? Cramer made a point on CNBC this morning: When the big support players abandon ship and sell out, they won't be there to move the stock up when it bottoms, leaving it to languish at or near the bottom for a significant time period, often years. This could well be BAY's fate...Should this really be happening if, as we all believe, BAY is a tremendous company with a great CEO at the helm?