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Technology Stocks : Newbridge Networks

NN 16.41

-1.8%

Dec 12 3:59 PM EST

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To: Tim Luke who wrote (14790)	11/19/1999 1:14:00 PM
From: Doug	Read Replies (4) of 18016

Tim: From what has been said about the Financial & Sales, it would appear the worst Q may be ahead. If that is the case, it is more likely that NN has to negotiate a sale now rather than after next Q. If I recall FORE had the same strategy. It tanked to a low of 14 (bad Q); with an assist from a leak moved to 24 pre announcement and sold at $35. The whole process took 6 weeks from the low. Extrapolating from that, NN should move up & base around $24-26 for 3 weeks and be sold for a $10 pop by end Dec/early Jan. This will enable NN to disregard next Q. A tactic also used by DIGI prior take over by ALA. The OBV for the next 2 weeks should confirm if this hunch is correct.

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