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

To: BayView who wrote (4195)	2/12/1998 5:20:00 AM
From: rupert1	Read Replies (1) \| Respond to of 6980

BayView: In late December/early January institutional holdings were about 57%, if I remember correctly. I posted then that I was concerned that there was not much upside because I saw an upside limit of about 60-65%. Also thought the stock was vulnerable to herd mentality if institutions turned negative. Your posting showing a 73% holding is startling. My concerns are heightened. On the positive side - since 20% is new investment, we can reasonably expect that it will stay around for one quarter, and then another quarter if the earnings news is good. The danger is that a lot of the new money is very short-term momentum play. Do you remember an earlier posting when someone cited an analyst on CNCB to the effect that BAY had no sponsorship? If sponsorship is a reason to invest 73% institutional sponsorship makes it a screaming buy. Victor