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Technology Stocks : Newbridge Networks

NN 11.36

-9.3%

Nov 20 3:59 PM EST

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To: Doug who wrote (2939)	2/2/1998 6:26:00 PM
From: Steve G.	Read Replies (3) of 18016

I have been following US tech stocks for several years. The way Newbridge is acting reminds me very much of 3COM, Ascend, and Cabletron just to name a few. These are all very good companies that will likely be around a long time, and when things go well the stock price soars to skyhigh valuations, however when things get negative there is no telling how far down the stock will taken. I expect NN will be taken out back and shot, then bounce around for several months, then resume it's climb. Good luck picking the bottom on this one folks, my guess is $24Cdn from the current $37.50Cdn, however I may start to buy at $30Cdn just so I don't miss out.

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