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Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

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To: Doug who wrote (3240)	2/19/1998 4:34:00 PM
From: Trader Bob	Read Replies (1) of 18016

Re: why newbridge down today? take a look at last 10 days (or so) activity. Up until 2 days ago, every day was up (regardless of what the market did). Appears stock is drifting lower. Remember, before the earnings warning the stock was not too far from where we hit a couple of days ago. Look at the chart on this and it makes sense. Or as others will point out, I have been wrong before (and :) will be again). Seriously though, don't ignore the chart on this. I don't agree that charting is always right, but enough techs follow them on this stock that it has a impact. For the record I flattened my position today. good luck.

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