Technology Stocks | BEA Systems (BEAS) - Undiscovered Growth Stock


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To: DJ Clancey who wrote (1354)9/29/2000 10:32:03 AM
From: Howard Bennett   of 2477
 
Looks like a break out above $80


Another bullish indicator is the OBV on a daily chart has broken above it's previous high. This would suggest a confirmation of the breakout.

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To: Howard Bennett who wrote (1355)9/29/2000 12:31:22 PM
From: Howard Bennett   of 2477
 
Today's money flow +ve (10K blocks above the previous trade)

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To: Howard Bennett who wrote (1356)9/29/2000 1:48:35 PM
From: Stock Puppy   of 2477
 
Plus, we have a new high 81 1/8 :-)

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To: Stock Puppy who wrote (1357)9/29/2000 1:51:43 PM
From: Howard Bennett   of 2477
 
Volume is good as well.

Avg daily is 6,228,863

so far today...5.8 million.

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To: Howard Bennett who wrote (1347)9/30/2000 10:09:52 AM
From: Jim Willie CB   of 2477
 
TA response: BEAS enjoyed nice swing momentum move
took it from 70 to 60 back up to 80
it took out the March/April highs of 70-75

last week while Naz was suffering from doubt/indecision
BEAS held its breakout over 70 very well on good volume
relative strength has been excellent

seems to me like a slowmotion breakout
it awaits favorable climate to continue
a double top wouldve shown itself this week
dont you think?

not a holder here
I took the swing from 66 to 77
/ Jim

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To: Jim Willie CB who wrote (1359)9/30/2000 1:19:55 PM
From: Howard Bennett   of 2477
 
I heard on CNBC that there are alot of short sellers.

viwes.com 

BEAS short interest increased from Aug to September.

Unfortunately what the technical indicators do not tell us... is the recent volume (near or at an all time high) is volume due to hedge funds shorting BEAS.

Be sure of this though....if BEAS management's guidance to analysts is positive for the following quarters (i.e. the same robust growth) there will be short covering and a large upside breakout.

I think earnings will be the key...with the clampdown by the SEC on "selective disclosure", analysts are not supposed to get info on BEAS earnings before we do.

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To: Howard Bennett who wrote (1360)9/30/2000 11:21:31 PM
From: sandintoes   of 2477
 
BEAS will have blow out earnings..no doubt about it!

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To: Howard Bennett who wrote (1360)10/1/2000 12:41:13 AM
From: Adam Smith   of 2477
 
Look for strength before BEA analyst meeting this week.

Oct 04 Santa Clara BEA Systems Analyst Meeting (BEAS)

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To: sandintoes who wrote (1361)10/2/2000 12:51:56 PM
From: Susan G   of 2477
 
Congrats to all faithful longs on the new 52 week high <g>

sandintoes, ya think brk has been faithful? <gggggg>

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To: Susan G who wrote (1363)10/2/2000 3:03:36 PM
From: sandintoes   of 2477
 
No, but do we care? We can always flaunt it as his loss!

My, I do wonder how RFMD is doing....

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