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Technology Stocks : Newbridge Networks
NN 16.62-0.5%1:02 PM EST
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To: pat mudge who wrote (12223)7/13/1999 11:58:00 PM
From: Tunica Albuginea  Read Replies (2) of 18016
 
pat,I increased my position 100%!!<G> ( I had none before, <G> ). Here is what happened:

I was looking for a re-entry point on NN

Around 230PM, at work, I noted NN sinking and trading halted . Called my broker at Merrill and he said that Robertson said NN would miss earnings. However at that time the Merrill analyst ( Thomas?) came on the internal Merrill audio and said that he called the company and
they said they had no idea where Robertson-Stephens got their info. He then said that he maintained his target of 15 cents/share.

I'll tell you something: Since being in and out of NN at least 15 times since 1995, MY BEST RETURNS have been when I bought immediately
when any bad news came out and the stock tanked. As you know this
has happened at least half a dozen times since 1995.

And yet the stock maintains a PE of 40. Why? Because of their ATM technology of course.

So today I was quite ready: When this happens, my reflex action by now is to buy NN first and ask questions later, <VBG>.

Which I did: got in at 26.5. I think this was a great buy.

Please note that all activity today was institutional:

thomsoninvest.net

I agree with you, again?,

8=))

: thank you Mr. Silverman,

TA

Can you hear my sigh of relief????

I increased my position 30%. Thank you Mr. Silverstein.

Pat
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