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Technology Stocks : Newbridge Networks

NN 15.49

+6.7%

3:59 PM EST

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To: Serge Collins who wrote (7603)	11/20/1998 3:40:00 PM
From: Doug	of 18016

S.C: The reason was purely technical. When I saw a breakout, I said so at the instant it happened. Thereafter I anxiously waited to hear the news that had caused it. Unfortunately till the close there was no definitive news to explain it. Since the spike was not a gap up , it was necessary to determine the value of the so called rumour. As the spike was above the ema and was not explainable, I decided to pull some chips of the table and said so 20 hrs later. I do still have 2/3 of my holdings. This does not resonate well with your accusation that my attitude is a bit hypocritical.

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