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The chart looks OK, but fundamentally, the stock is lagging Cisco, Ascend and Lucent, who are all up. That is a bad sign, and one has to ask why. The sell-off has been orderly thus far, and may just be a consolidation, as you suggest. In particular, the volume has been relatively low during the decline. However, the worry is that the sector is going the other way, and when the rest correct, Newbridge will do more so. The stock is vulnerable short term, although long term the sector is predicted to outperform the market...Traders beware!..I'm still in as my sell price wasn't filled. I should've known better...Pigs get slaughtered.....Robert |
