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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 9:30 AM EST
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To: pat mudge who wrote (4645)5/27/1998 2:56:00 PM
From: zbyslaw owczarczyk  Read Replies (1) of 18016
 
Pat, you have asked me a very difficult question "where do you see support?".In my opinion it depend on overall market.If NASDAQ will drop further so do NN, but no necessary in line with the rest of the market (todays decline is even biger then NASDAQ- but volune is below average).My base on NN is so low that I have decided to add today.Even if NN will drop another 2-3 points (assuming that markets will go down more) on low volume, the rebound will be very quick.You never get the best price.In 12 months today's price will look very very cheap.
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