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Technology Stocks : Newbridge Networks

NN 13.85

+6.9%

Nov 25 3:59 PM EST

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To: Mark who wrote (4577)	5/20/1998 4:57:00 PM
From: Brett Nelson	Read Replies (2) of 18016

<<WHAT DO YOU THINK THE MARKET DROP IS FROM TODAY?... A. Indonesia causing more fear of unstable ASia B earnings report getting leaked to insiders who are selling C. anything else>> Or D. Institutions accumulating stock at attractive prices by shaking out small investors. In the last 15 minutes, over 70K shares were purchased at the ask, driving it from 29 to 29 1/2. The last trade recorded was at $29 1/4. This buying volume represents almost 15% of the days total volume. Much of the large blocks that were sold at the bid during the day (resulting in the quick price drop once we traded through $30) were repurchased at the end of the day. In between, a lot of small traders dumped their stock (seen on the tape as a flurry of small trades at the bid). Only time will tell if NN has gotten their act together but it sure seems like someone is buying this stock on the dips.

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