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Technology Stocks : Newbridge Networks
NN 14.06-0.7%10:19 AM EST
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To: WTSherman who wrote (11994)6/23/1999 4:32:00 PM
From: Rob Riordan  Read Replies (1) of 18016
 
WT - I suspect that today's action was more "day trader" oriented than a vote of no confidence. I suspect the stock's run-up these past few days was by some traders expecting a takeover/major contract win. When this news hit it kind of dampened the takeover fervor and I think the short term traders left. Time will tell. Rob

PS Weren't the chartists telling us the future was bright just two days ago?
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