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Technology Stocks : Newbridge Networks

NN 14.04

-1.2%

Dec 1 3:59 PM EST

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To: Doug who wrote (7868)	11/25/1998 4:56:00 PM
From: Thomas Scharf	Read Replies (1) of 18016

Never ignore the effects of mob psychology. For the last couple weeks, the markets have gone insane over anything associated with the words "internet" or ".com". Now combine that with the good news & resulting publicity for NN and who knows how high we could go in the short term? Not all of the increase will be justified, but anyone who thinks the markets are rational in the short term is nuts. This is a nice change for me. Usually my stocks come out with record earnings combined with great press releases about big orders just when the market is tanking on general jitters, resulting in lower or flat prices when a big gap up is justified. -Thomas

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