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

To: George A. Roberts who wrote (5576)	4/30/1998 12:13:00 PM
From: Jurgen	Read Replies (1) \| Respond to of 6980

The chart is telling a sad, sad story - glad i bought LU the other day to offset some losses. Heck why did i keep this dog - i remember the discussion we had early march when the money flow turned south. I follow my charts in most cases - with BAY i didn't and i've been proven wrong and wrong again. BTW, what happened to vepoc ? Jurgen

To: George A. Roberts who wrote (5576)	4/30/1998 12:28:00 PM
From: Doug	Read Replies (1) \| Respond to of 6980

George:The 2nd tier tech stocks are not meant to buy and Hold. The price charts of these 2nd tier, approximate to waves at best. They can not show steady growth because that is an intrinsic quality of 1st tier stocks which BAY is not. Many of us have been brainwashed to " buy and hold" or till death do us part. In the case of BAY, that has resulted in a buy and hole. Your best strategy is to plot the next wave and exit near the top as momentum fades. I certainly would not recommend holding on beyond the next wave.