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Technology Stocks : Newbridge Networks
NN 12.65+3.3%3:47 PM EST
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To: kennbill who wrote (17129)2/17/2000 11:54:00 AM
From: Tunica Albuginea  Read Replies (3) of 18016
 
SlamDunk, big 88000 shares just bought @11:36 @35. Been watching
the tape.ÿ
Very interesting. Trading became very tight between 34 5/8 and
34 7/8.
Volume slowed down considerably.
There was an attempt I think to sell the stock down from,ÿ
35 7/8 to less than 34 during the AGreenspan testimony.
However I think it failed.
AG is going over exactly the same speech he did 3 months ago and 6 months ago.
Markets seem unfazed. Didn't even budge, essentially.
I think that all the short term stats ( today's PPI, tomorrow's data ) have all beenÿ
discounted.

As a result, new money is now moving into NN.
This was money sitting at the side
[ ZO mentioned it might be Doug's cash, :-) ].
Be that as it may, this money was hoping for a sell of to buy NNÿ
@ cheaper prices.ÿÿ
Now it does not look like that will happen.
NN will probably start moving back up smartly.
Money will start to rush in madly as people see that the
train is moving out of the station.
I think ALA CEO is a dynamic guy. He is not going
to sit around a quarter to wait for the weather to change.
He knows what NN can do. The US armed Forces and Navy
have already DD.
People will finally realize that this deal is for real.
That all journeys come to an end and this long wait
for an NN resolution, believe it or not ,ÿ
( after 5 years!! )
is coming to an end.

I think a very happy end.

You got to have been a dyed in the wool believer in NN's technology
to believe that one day this is what would happen,

TA
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