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Technology Stocks : Newbridge Networks
NN 16.41-1.8%Dec 12 3:59 PM EST

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To: pat mudge who wrote (4232)4/25/1998 12:55:00 AM
From: Brett Nelson  Read Replies (1) of 18016
 
Thanks for your posts Pat. If you think about, the presence of news is what's fueled Bay's recent gains (despite crappy earnings) and perhaps the lack of news in any systematic fashion has hurt NN. I think these trade shows could provide just the impetus we need to get above $30.

In fact, I did a little analysis to test the potential trade show effect (or perhaps its a seasonal effect, who knows). I looked back at NN's price appreciation over the period from 4/27 - 5/9 (some years began or ended on slightly different days depending on weekends, etc.) Here were the results:

Price appreciation from approx 4/27 to approx 5/9 for year 19XX:

1991- 32%
1992- 17%
1993- 15%
1994- 9%
1995- 3%
1996- 9%
1997- 16%

Interesting.....perhaps some June 30 calls are in order?
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