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Technology Stocks : Newbridge Networks
NN 14.21+1.7%Nov 28 9:30 AM EST
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To: Luigi Gandolfo who wrote (3192)2/12/1998 3:59:00 PM
From: Goldbug Guru  Read Replies (2) of 18016
 
A month ago, Oracle was a $31 stock, one bad earnings send the stock crashing to $22 down twenty nine percent in one day. As the weeks go by it traded as low as $17 3/4. Currently, Oracle has made up dramatic recovery up more than 50% from its all time low. It's possible that NN could make a similar recovery just like Oracle.

Newbridge is a momentum stock with lots of upside potential, this tech stock is trading at a substantial discount. The product they sell & the service they provide is in high demand. The big bomb has already dropped on Newbridge, 80% of the negative sentiments is already out.
You know I can't say the same for LU, NT, CSCO, and etc..one thing we all must remember is that stock that's all time high always get slaughter at the end. This is a Golden Opportunity to make some easy 30% to 60% gains from Newbridge. The pesky short sellers is in hiding right now and they won't come out anytime soon. So Traders and Investors must utilize this opportunity to the MAX.

I expect the DOW JONES to stay above 8000 points & won't go any lower than that because these are the periods when Americans and Canadians will be putting their hard earned money into retirement savings plan.
The New York guys will put up a good show for the next few weeks to attract more money. After that, down we go!!!
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