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Technology Stocks : Newbridge Networks

NN 13.98

+0.9%

Nov 26 3:59 PM EST

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To: pat mudge who wrote (4896)	6/3/1998 9:20:00 PM
From: Ian@SI	Read Replies (2) of 18016

Re: Pulling stocks out of street name to squeeze the shorts. There's about 180,000,000 shares outstanding. Let's say that 1000 of us withdraw 2000 shares each. That's about 1.1% of the outstanding shares. My reaction: Big Deal. The larger the short interest, the more bullish it is for the stock. Those shares will be repurchased sometime. ... and hopefully at a much higher price than today. FWIW, Ian.

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