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Technology Stocks : Newbridge Networks

NN 14.52

+6.1%

Dec 3 3:59 PM EST

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To: MR. PANAMA (I am a PLAYER) who wrote (3483)	3/3/1998 1:10:00 PM
From: Tunica Albuginea	Read Replies (1) of 18016

Bateman, I think it is important to look at the tape. Big 10 K 20K buys coming in. You know these guys are not shorting and they are too big to be from the little guys. IMHO these are the big guys who bought NN on it's previous ride from 28 to 69. They are now buying it back for the same reasons they bought it the first time ( hot ATM technology now joined with Siemens and SS7 ) and drove it to 69; they feel the down movement is broken; they feel the stock is over sold (same price as 3 years ago !!! with bigger better switches and a larger installed base now !!!). A BARGAIN !! Also UB Networks boulder around NNs neck is gone . If you remember 2 years ago NN stayed at 27 -32 for a very long time ( ~ 6 months ). These guys now feel that if they can get in below 27 they can afford to wait another 3-4 months ( summer ) when TM said new big contracts will be announced. This TA is free because, it, and 25c ( 50c with inflation ) won't probably buy you a cup of Starbucks coffee; but it's intentions are honorable so that if you are from the liberal persuasion that may at least count for something, TA

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