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Technology Stocks : Newbridge Networks

NN 15.87

+2.5%

Dec 5 9:30 AM EST

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To: Ian@SI who wrote (6065)	8/21/1998 1:55:00 PM
From: Doug	Read Replies (1) of 18016

IAN: True the I.P stocks belong to category "Spec" and as correctly pointed out they are the exception to the Tier 1 rule. As for NN the traders and short sellers seem to have lost fear. That happens when a stock has a history of reversals. The shorts rely on that. To reinstate some fear, the stock needs a steady climb for atleast 1Q. If you compare todays momentum vrs yesterdays,you will see that currently good news is very easily discounted. Well, yesterdays gains are todays losses.!

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