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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 9:30 AM EST
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To: Glenn McDougall who wrote (3709)3/16/1998 7:08:00 PM
From: Kenneth Tse   of 18016
 
Glenn, I'm in the U.S. and I've been watching the stock pretty closely. The momentum is continuing up and the stock has indicated a buy signal using a 10,45 mov avg chart. Thus I would say hold on. The stock trades better on OTC. I've some large sellers in T.O. and buyers in the U.S. Can explain why.

I have been building a small position but I would suggest that if you have some good profits put a stop in around $37-39 CDN. (not too close b/c you can get picked off on the TSE b/c of liquidity) Ken

P.S. don't worry about the DOW its only an indicator of 30 stocks.
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