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

To: rupert1 who wrote (4896)	3/19/1998 8:23:00 PM
From: Mang Cheng	Read Replies (4) \| Respond to of 6980

Victor, since I don't have any BAY right now I don't really care about the price of BAY. I watch it very closely because I'm holding COMS right now and I look at the whole networking sector very closely. Bay , as are hundred of other stocks, to me is that I'll pick them up when I think it's getting way oversold but I don't go out of my way to wish any one specific stock to tank. There are just SO MANY potential buy candidates these days that the only limit is my own resources ! My observations of BAY are that : 1. Due to option expirary, they want to keep it at 27 1/2 so as to make MOST of the options expire worthless. Like the March 27 1/2 calls and puts. 2. BAY is still on a downward trend since begining of March. One or two days like yesterday and today do not make a chart. Right now I'd say the chart is neutral - it will consolidate horizontally between $25-28 for the next little while. I can not predict the next move - up or down - though the probability for it to go down a bit more is higher in my opinion (due to the shape of the curve). Regards Mang