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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 9:30 AM EST
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To: Tunica Albuginea who wrote (16899)2/8/2000 9:50:00 AM
From: Chris  Read Replies (1) of 18016
 
In the Ottawa area, there is much buzz but little more real information than others on this thread appear to have. Individuals at NN who usually have some insight simply don't know or there is no sale/merger agreement, or they aren't talking. In any event, real info is being held VERY tightly. Talk amongst the lower levels hasn't historically been very reliable.

However, the buzz is that we are close to the point where downside is greater than the upside. A sale could happen in the $50-$55 Cdn range up to $60 CDN while an announcement to stay independent could drop us into low $30s or even high $20s CDN quickly.

One local broker is suggesting that existing NN holders put in sell orders in the low $50s to lock in recent profits.
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