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Technology Stocks : Newbridge Networks
NN 14.32+1.1%Jan 9 9:30 AM EST
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To: James Chan who wrote (2352)11/3/1997 2:23:00 PM
From: Jeffrey L. Henken  Read Replies (2) of 18016
 
I think the earnings figures are conservative. If I am right then the $70 price will be conservative as well. However there is always much less risk buying into the correction than the bounce back. I look at analyst upgrades as selling opportunities. But as you know I like this stock and the company as a long term holding. You should be fine. You just could have got those contracts cheaper last week. Regards, Jeff
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