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Technology Stocks : Newbridge Networks

NN 16.25

+0.8%

10:55 AM EST

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To: pat mudge who wrote (3608)	3/13/1998 12:13:00 AM
From: Tunica Albuginea	Read Replies (1) of 18016

Pat nice day today. Now comes the hard part. I am sitting at base prices 22-24 (average 23). Rather than skim off the top, what I would like to do is to start day trading about 10-15% of my position. It's breakthrough today through 27 on heavy volume represented a very bullish breakthrough move and I was tempted to buy some. I didn't however because I wanted absolute ( or almost absolute ) confirmation of the breakthrough by it closing at or above it's 50 day moving average of 27; and NN did exactly that, closed at 27.5, a dandy performance. So I am ready to trade. I ask you, Tom Scherf and other TA minded types or day traders out there: how do you feel about day trading NN? Done some in the past but it was hard. I get the feel however that this time it will be different: NN I think will burn the mileposts faster than in the last 3 years because ATMs' time I think has come. The last ( 2 years ago? ) Alex Brown reccommendation was good for a 30% increase. Any thoughts? TA

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