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Technology Stocks : Newbridge Networks

NN 11.97

+5.4%

3:59 PM EST

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To: BWAC who wrote (14624)	11/16/1999 5:32:00 PM
From: Michael M	Read Replies (2) of 18016

IMO: Worst case - If NN doesn't get a standing O on Thursday, it hangs around in the high teens for the better part of six months. It remains an interesting takeover candidate. Good case - TM says ALL the right things. NN slowly makes its way back to mid to high twenties. Best case - Takeover. Instant gratification and lots of it. A long position looks better to me than a short position from both a risk and reward perspective right now. ****** Anyone care to describe today's trading, esp. last hour? Buyers? Sellers? Big chunks? Little chunks? At a glance, the close looked strong.

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