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Technology Stocks : Newbridge Networks

NN 14.32

0.0%

3:59 PM EST

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To: Helmut who wrote (4134)	4/18/1998 4:06:00 PM
From: Giraffe	Read Replies (3) of 18016

>>You said "Looking at the long term (US) chart there is obviously significant resistance at around 36 - it's been bumping it's head there quite regularly since December 93." What am I missing? I don't have access to long-term charts but wasn't this over US$60 las fall?<< Sorry, I didn't mean to imply that it hadn't broke through that level- obviously it was above 36 for about 6 or 7 months last year - just that it has been a significant resistance level for NN. By that I mean that I count six good attempts at 36 over the last five years and only one of which was successful ... but even in that case 36 failed to become a support level and the price collapsed to the previous support - which also coincindentally dates back five years. It doesn't mean it won't break through 36 on the next attempt. I have no idea whether it would or not - but it will take something powerful to drive it through that point.

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