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Technology Stocks : Newbridge Networks

NN 17.07

+0.2%

Dec 26 9:30 AM EST

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To: Mark Kubisz who wrote (4436)	5/8/1998 1:03:00 AM
From: Tunica Albuginea	Read Replies (1) of 18016

Mark, Re: NN's " market performance today ". I also had the feeling today that there was a steady accumulation.However the accumulation was slow and orderly. I have a feeling that many of the Institutions that had sold NN in the last 4 months now realized that they's missed the boat. So they are trying to get back in. However they are doing it slowly, stealthily so as not to jack up the price by suddenly increasing demand. This is also why perhaps nobody has come out and strongly endorsed NN in spite of the great news: they are afraid that if they do that the price will rise too much for them to get in. So what may be happening is that they are picking up the shares of the resistance point of 32-33 were there was a lot of accumulation in the past. Once we are past 33- 34, next stop is 40. Regardless of the fact that tech companies profits will be squeezed in the future because of falling prices, people realize that the more $500 computers are out there doing internet telephony the better it is for NN.Same for any other telecom gizmo from portable phones, TVs etc etc,, TA

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