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

To: rupert1 who wrote (4931)	3/20/1998 6:37:00 AM
From: Bosco	Read Replies (1) \| Respond to of 6980

Dear Victor - regarding TA and FA, many people use both together for optimization purposses [disclaimer: I talk up a lot of hot air, but in truth I am a clueless investor <VBG>] One can argue that TA [chartwise] can be as forward looking as FA, since it factors in the psychology of the buyers and sellers, as well as the option players. Also, FA does not account for the short term [forward looking] supply and demand of the stock itself. For example, if there is a large overhang of supply at 35, then it is more difficult for it to reach 40. Having said that, my interpretation is that FA will override TA, should the extraordinary situation arise. For example, if BAY is bought at 50/shr, let say, then the 35 overhang is essentially meaningless, since the folks holding BAY with a price target of 35 will now decide not to let go of the stock. rgds Bosco