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Technology Stocks : Newbridge Networks

NN 13.87

+7.0%

3:59 PM EST

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To: Doug who wrote (9658)	2/14/1999 8:00:00 PM
From: Peppe	Read Replies (1) of 18016

Doug, You sure have been taking some abuse from our regular NN bulls !! If we leave all the emotion aside, one can quickly see that NN stock is currently in a down trend. It penetrated 30 day and 60 day averages on the down side and has been traded in light volume. Until we see a reversal of this down trend, I'd stay away from buying more NN stock. If the trend can reverse and break out of resistance levels, (as happens often when a stock is over-sold) then I'd consider going long. This is a technical view only. Combined with other fundamental data (NN missing number this qtr, WIC deal going to CSCO), I don't think we've seen the bottom of this down trend. peppe

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