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

To: Beachbumm who wrote (3285)	12/22/1997 11:18:00 PM
From: jkb	Read Replies (1) \| Respond to of 6980

No sponsorship? What exactly is he referring to? -Jay

To: Beachbumm who wrote (3285)	12/23/1997 12:08:00 AM
From: WBendus	Read Replies (1) \| Respond to of 6980

I saw it Beachbumm, and I started laughing when I heard it. This guy is not on CNBC much and was probably only on today because of the holiday season. There aren't a lot of viewers this time of year and the regular guests are probably all on vacation. He is a T.A. and probably doesn't even know what the company produces or about its financial position. I personally think that Bay is actually starting to look real attractive from a technical stand point. There seems to be considerable support for the stock at 22 1/2, as we have bounced nicely off of it a few times now and the selling presure seems to be subsiding. I personally think that the stock looks ripe for a move to 27 1/2 before earnings in January and a good report then will put the stock back over $30. I'll bet 2 months down the road this guy is 180 degrees wrong on all of his picks. Technical Analysts are basically lazy people. They think that they can see all that they need to about a company by looking at its chart. While you and I read the news paper for news and information, this guy probably skips to the funnys because he can't comprehend the rest. He likes books with lots of pictures and especially the ones with the popup figures, as most pure TAs do. Wayde. Wayde.