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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (629)11/20/1998 2:44:00 PM
From: W Shakespeare  Read Replies (1) | Respond to of 2477
 
Thank you for the kit!

I do expect the price to fall below $10. The market always over-reacts to bad news. Then, the market over-reacts even more to the news in the days following the announcement. A lot of people have yet to hear about the downgrades from their brokers or news sources. I have bought many excellent stocks at insanely low prices (relative to their long-term value) by waiting for shareholders with short-term thinking to dump the stock. No matter how severe today's cut may be, BEAS will go lower in the days ahead.