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Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

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To: Michael M who wrote (12918)	8/23/1999 5:25:00 PM
From: Logain Ablar	Read Replies (1) of 18016

MM: Table set for major bounce if NN delivers, IMO. From a P&F perspective the stock has formed a bearish triangle. The stock is trading below its bearish resistance line. Normally when a stock is trading below it brl a break will be to the downside. Right now the brl won't be broken unless the stock can reach 36. There is resistance @ 30. P&F would give a buy signal if the stock reaches 29. S/T P&F indicators have reversed to positive territory (short term only which may become long term but its too early to tell). Fundamentals, we'll find out tomorrow night. If they are good we could have a run like January. I entered today assuming the company doesn't disappoint. If they do disappoint we could reach 22 real quick but that would put pressure on mgmt. to revisit offers for the company. On volumn & price. If those in the know knew the #'s were disappointing I'd expect more of a drop today and tomorrow. Also, volumn doesn't look that good and reflects people are waiting for the company to put up. So I agree with you comment. JMO Tim

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