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Hi Guys,
Wednesday morning I bought Bay networks at 31 7/16 on an oversold signal. I present you with the
attached chart because it still may be a good buy tomorrow. Note the oscillator on continued
strength would show a pattern similar to January 12th when there was a bullish reversal candle. By
waiting until 31 7/16 I made sure BAY took out Friday's open, which left Tuesday's bearish candle a
springboard for a possible rally. With today's reasonably strong close, the upside action may well
continue into tomorrow for a nice short term trade.
Best wishes,
James
Attachment Converted: "c:\eudora\attach\bay.gif"
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