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Technology Stocks : Newbridge Networks
NN 14.04-1.2%Dec 1 3:59 PM EST
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To: Brett Nelson who wrote (4794)6/3/1998 1:51:00 AM
From: pat mudge  Read Replies (2) of 18016
 
Big question on every trader's mind - will The Street be more focused on NN's very positive forward looking prospects or its inability to beat this quarters/years earnings expectations. In other words, if today's price advance was in expectation of NN beating estimates, do you think the stock is vulnerable to a big sell-off tomorrow?

I have no way of knowing, but I do know there were more analysts on this call than I've ever witnessed on any call I've joined. I know, too, their questions and responses seemed extremely upbeat. There really was a sense of relief and if not celebration, then at least "all clear --- full speed ahead."

I nearly tripled my position over the last week and will hold through Supercomm and then maybe trade a small percentage, depending on what I think the analysts will do.

Later --

Pat
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