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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 9:30 AM EST
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To: Rob Riordan who wrote (13946)10/27/1999 11:07:00 AM
From: Doug   of 18016
 
Rob: Markets consists of Daytraders,Short sellers and Investors and the nett of all these constitute the market. I do not discriminate between the three. NN is not in demand and Fidelity knew/knows that and rightly sold.

The selling pressure continues. A bottom would form if there was exceesive volume on a down followed by a reversal and a higher closing. Alternately a bottom signal may be signalled by above average volume for 3:5 days and tight upper & lower bounds.

The tech trend indicates $15 or lower before $20 as the most liklely path since there are 23 days before the earnings date.
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