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Technology Stocks : Newbridge Networks
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To: pat mudge who wrote (13614)10/12/1999 9:22:00 PM
From: gbh  Read Replies (3) of 18016
 
The fact Fidelity kept half their position indicates they're still behind the management team.

Pat, its certainly not clear that Fidelity has finished its selling. The fact that there were NO bidders on this stock today, at these prices, is disconcerting. I watched the price action much of the day, and it was brutal.

Given the last earnings guidance that demand was strong, and the supply chain problems under control, one has to question why Fidelity would choose now to sell, given the length of time they have supported the company, and the fact that the payoff so near at hand.

One thing is sure whether or not your view is long term or short (term). Another blown quarter will permanently put this stock below 20, and roll the heads of these execs.

Gary
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