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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 9:30 AM EST

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To: Tunica Albuginea who wrote (4863)6/3/1998 5:48:00 PM
From: fumble  Read Replies (2) of 18016
 
<< Pat, it is easy for the MMs to hit on NN: only 175 Mill shares float; only the strong ( -enough to hold and buy shares ) will survive, G, >>

If the float is light, then if someone wanted to spend some $$ to depress the stock, it would not take too much.. (price elasticity). The short interest would go up, indicating that folks are selling into the market shares that they don't own. I think there is a delay in reporting short interest, so we might not know this for awhile.

Is this a correct analysis? (I'm not saying that anyone is actually doing this, but..)
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