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Technology Stocks : Newbridge Networks
NN 13.85+6.9%3:59 PM EST
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To: Doug who wrote (6230)8/31/1998 5:17:00 PM
From: Doug  Read Replies (3) of 18016
 
All: The slide predicted in post #6230 has come to pass. Technically this points to a bottom. However because of the new threat from the YUAN, one cannot be certain.

If the HK market recovers all is well and we could start basing. If HKT has another deep slide or if the YEN weakens further , it will likely cause the YUAN to be devalued. That fall could trigger another avalanche in the U.S mkts.

The number of factors now influencing the markets seem to increase daily.
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