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Technology Stocks : Newbridge Networks

NN 16.12

+1.6%

3:59 PM EST

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To: Glenn McDougall who wrote (5552)	7/17/1998 12:10:00 AM
From: Jeff Steinberg	of 18016

Hello. Am new to the board, but have read numerous posts. I am bullish on the long-term prospects of NN. However: Technically, it's failure to close above $26.25 on heavier volume suggests a retracement to the $21.00-$19.00 range before resuming its uptrend. I'm not sure why anyone would buy stock in between re: the risk-reward ratio. Enjoy the fundamental information. (especially analysts notes, even though they are full of it, IMHO. TA-ers. Chartists. Look carefully at the chart. Long or Short. I say a quick Short. Hope I am wrong. Jeff

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