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Technology Stocks : Newbridge Networks
NN 11.97+5.4%3:59 PM EST
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To: Glenn McDougall who wrote (5575)7/20/1998 2:03:00 PM
From: Doug  Read Replies (2) of 18016
 
Glenn: NN is certainly making history. This has been the longest and steepest slide for NN , started in the first week of OCT97 and continues. It is now trading at its 93-94 valuation whilst market Leaders such as CSCO and LU are at record levels.

I had expected NN to hold at the $24 level. However it sailed thru and could be headed towards the next support at $18.90 which is quite close.
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