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Technology Stocks : Newbridge Networks

NN 17.07

+0.2%

Dec 26 9:30 AM EST

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To: micromike who wrote (2584)	12/13/1997 11:40:00 PM
From: randy kay	Read Replies (1) of 18016

Mike, rah rah rah (LOL) BTW, on the potential upside, the reason I closed out my puts is that last week I saw $300,000 worth of calls go through on the Canadian side (Jan $50's I think) and then another $150,000 worth of the same ones the following day. If these are sells then NN is in serious trouble or someone with a ton of money is a complete idiot! However, I think they are buys. US calls were also very active last week. The last time I mentioned heavy call activity on this thread was Sept 30 and you can see what happened on the chart the following week (up $10 CND). I guess I just don't understand why people planning on taking a long term position can't wait for an uptrend before buying, especially in this market, oh well, not my problem. Randy

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