Zbyslaw,
I unloaded my Newbridge shares a few weeks ago at $54.00 for a 50% gain, but am still following the company. It has done me well.
I got tired of waiting for "news" to come, and am glad I made my decision, as my money was, in my opinion starting to rot if I left it NN any longer.
The rest of the market is moving as NN has paused.
I put my proceeds into Cisco, which has returned me $12 a share in two weeks... and NN has drifted back down below $54 CDN..
With the JDS FITEL merger announcement last evening, Newbridge is quickly becoming a dwarf in Canada's high-tech industry - Even ATI Technology is now bigger in terms of quarterly sales and revenues - and they are selling graphics cards!!
NN needs news bigger than Global One to make any move of signifigance.
I've come to realize Critical Mass is the king. MSFT, CSCO, INTC, AOL, ATY, DELL and others have critical mass - that critical mass is why they are so successful. Once you reach this critical mass, you are pretty much unstoppable....except for maybe by the DOJ. |
