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Technology Stocks : Newbridge Networks

NN 15.87

+2.5%

Dec 5 9:30 AM EST

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To: Doug who wrote (14968)	11/23/1999 10:48:00 AM
From: Tunica Albuginea	Read Replies (3) of 18016

Doug, the most significant technical aspect on NN in the last week has been it's volume. This has never occurred before even though rumors of a buyout have been there for years. The difference of course is that that per NN announcements and press reports, this time things appear real. NN remains in pos territory today in spite of down market day. William O'Neil from Investors Bus Daily commented in the past how price follows volume. I think if this heavy buying continues ( 850000 shares in the 1st hour today ), price will start gapping up; sooner than later I suspect, TA Message #14968 from Doug at Nov 23 1999 12:15AM Z.O: Your calculations of the existing and synergy savings are credible but will first need to be realized. I find todays trading pattern (Price volume graph) very intriguing. It definitely smells of some buying by some one close to the inner track. It is very rare for a stock to yo-yo on News that easily unless there is a large pending BUY order following the downward leg.

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