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Technology Stocks : Newbridge Networks
NN 12.55+0.3%1:32 PM EST
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To: zbyslaw owczarczyk who wrote (16812)2/2/2000 3:15:00 PM
From: Tunica Albuginea  Read Replies (2) of 18016
 
ZO, very true. But this is a momentum market.In and out.
People don't have time to wait any more to wait.
All the " buy and hold " folks went elsewhere, to " greener
pastures: CSCO, LU, NT. No " new blood " into NN. And
most of his old admirers have been burned; so they are
afraid to touch it or even go near it.
And yet a few of the old timers have not lost faith because
of the extensive history that we've been reading about NN
in the last 4 years.

I think that as we are breaking the last severe overhead
resistance,US$32, upward movement will be more consistent.

The fact is that it is difficult to put a price on NN's technology.
It's like the price of everything else. The price is in the
eyes of the beholder.
So I wouldn't be surprised if we are all pleasantly
surprised by what NN will fetch.

I have a large core holding now.

As it moves up, I intend to buy more and daytrade only
the newly bought shares.
( you guys don't seriously expect me to give up daytrading
completely do you? ).

:-)

TA

Message #16812 from zbyslaw owczarczyk at Feb 2 2000 3:04PM

Well,Tunica the time to add more NN was at the and of December when many "experts" were expecting to come back when NN will go again to 15, or even after
recent option.
Added more and waiting for good news either way.

Zbyslaw
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