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Technology Stocks : Newbridge Networks
NN 14.16-1.1%Jan 13 3:59 PM EST
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To: randy kay who wrote (2382)11/4/1997 7:36:00 PM
From: Method  Read Replies (2) of 18016
 
NNC's low was $67CDN last during the last Tuesday morning selloff. It has reached that point again and has again found support. I would like to see NNC come in better than their estimates or announce a new contract very soon. This stock appears to have been oversold. Also, ML downgrade was for the short term while maintaining a long-term accumulate. Ideally, analysts will come in tomorrow reiterating buy or strong buy recommedations.
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