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Technology Stocks : Newbridge Networks

NN 12.70

+0.8%

11:32 AM EST

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To: pat mudge who wrote (2992)	2/3/1998 7:54:00 AM
From: Trader Bob	Read Replies (1) of 18016

Stock is probably will open 20-22 US, 29-32 CAD, which should be attractive for bottom fishers and funds wanting to avg down. I don't think is will bounce to quickly though (likewise I don't think it will drop much further either). Use options to reduce your exposure or bring your costs down. There are a lot of technical players on this stock, so watch your charts. I suspect until they meet or exceed a quarter a lot of people will stay away. I don't think it would be a bad idea to buy some in this area, but save some cash for later. "Risk not thy whole wad". Over 83 posts since my post on stock being halted, great coverage.

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