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Technology Stocks : Newbridge Networks
NN 12.54+6.0%Nov 7 9:30 AM EST
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To: Glenn McDougall who wrote (7797)11/25/1998 11:49:00 AM
From: Doug  Read Replies (2) of 18016
 
G.M: It certainly was a good day. However lets check what really happened in terms of added value.

After 3 Upgrades, fireworks and a CC , NN is likely to close $1.0 to 1.5 above its high of 19 Nov. This will give one a better understanding how overvalued it was on that day when I said so.

There now may be at most a $2-3 pop to go if the Globe Contract comes thru. It would appear that the street wants hard earnings and is not willing to pay in anticipation.
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