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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John K. Culley who wrote (13662)	3/8/1998 11:38:00 PM
From: Larry S.	Read Replies (2) \| Respond to of 53068

Hi Jack: BAY and TOY: - The networking sector seems to be one of the safer tech sectors right now. I like the charts on BAY and ASND now, those are the only ones i've looked at. I bought BAY for the Z and personally on Friday because the chart shows 50 DMA support at 28.75 and the stochastics appear to be bottoming. I might have been early, and there could be an earnings announcement that will over-ride TA. ASND shows a similiar pattern. With Disk drives still a mess, and now box makers coming into question, services and networking appear stronger tech plays. I basically switched from CPQ to BAYm and hope i didn't jump from the frying pan into the fire. don't think so. You might want to take a look at TOY - TOYS-R-Us. THis is a quality company that has had earnings concerns of late. I think 26-27 is a very nice entry point. again, it may be early, but I don't see much downside and the stock could pop to 30-32 short term and should return to 35-40 in a year or so. Larry