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Technology Stocks : Newbridge Networks
NN 16.41-1.7%Dec 12 9:30 AM EST
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To: Jan who wrote (1380)4/12/1997 12:17:00 AM
From: Jeffrey L. Henken   of 18016
 
Hi Jan. It sure would seem like playing the up and down swings on NN the last year could have been real profitable. Strangely enough it seems like NN's trading range has narrowed at the lower end. You still feel like it will remain a good straddle? How much would it cost an investor to trade Newbridge as you are doing? How far out would you go? More interest rate increases seem extremely likely. It's going to be hard to make money for a while by just going long even if Newbridge doesn't disappoint with earnings.
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