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Technology Stocks : Newbridge Networks
NN 12.64+3.2%Nov 14 9:30 AM EST
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To: michael who wrote (4263)4/27/1998 8:52:00 PM
From: Mark Kubisz  Read Replies (3) of 18016
 
Given the volatility of this stock, it held up well today considering the market weakness, finishing up well off its low. Sure NN will correct if the rest of the market does (which I don't think it will, until and unless the Fed does raise rates or gives a very strong indication that it will do so). But how does that make it a dog? A "dog" by definition is something that is dropping while everything else is rising, or otherwise grossly underperforms the market. By you own admission, Newbridge is not going to do that.

Also, check your math. A 15% drop from the current price would bring it down to $22, not $19.:-)
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