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Technology Stocks : Newbridge Networks

NN 15.63

-3.6%

Jan 5 3:59 PM EST

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To: Tunica Albuginea who wrote (12297)	7/23/1999 11:53:00 AM
From: Tunica Albuginea	of 18016

Hi gang; just doubled all my NN position at 24 5/8. I sold some of my other tech stock to do this (even though I think they are ready to rebound). NN now represents 50% of my portfolio. I have been in this company too long. The question is: were our opinions in the last 4 years a mirage? I decided not. I think stocks, especially tech stocks, do go through periods of doldrums. A classic example is AMAT, a powerful company, did nothing from 1995 to 1998, only to then explosively double, near triple over the following year. There is always a potential downside. NN could revisit support at 20-21, although I don't think so because the internet and telcos are exploding. TA

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