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

To: Doug who wrote (3517)1/16/1998 4:32:00 PM
From: Paul Fine  Read Replies (2) | Respond to of 6980
 
Doug- Only ASND made a significant move up. Bay was off 5/8 on slow volume, particularly given that it was a triple witching Friday. Both coms and cisco finished almost a point off of the day's high, so everyone gave up something as the day rolled on. I suspect there is still a little nervousness/uncertainty about the report on 1/20 and some people decided to not hold a position over the long holiday weekend. I would expect some volitility on Tuesday in front of the release of earnings after the bell as well(IMO).

Paul



To: Doug who wrote (3517)1/16/1998 5:58:00 PM
From: gs  Read Replies (3) | Respond to of 6980
 
The stock failed to penetrate the resistance 29 3/8 - 29 5/8 (that is
the old congestion area) and dropped technically on the profit taking.

I think that the stock will try to go through 30 next week.


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