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Technology Stocks : Newbridge Networks

NN 12.64

+3.3%

Nov 14 3:59 PM EST

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To: Serge Collins who wrote (10345)	3/17/1999 4:49:00 PM
From: micromike	Read Replies (2) of 18016

I happen to believe that the company's future is not bright when you consider the larger picture and take into account the high valuation of Newbridge's stock vis-a-vis its past record and propensity to disappoint, and as such there is danger that lies ahead. The street is presently telling me you are wrong. I thought today we would get the big retreat but it didn't happen. The last few days the stock would drop at the open to only rebound back to its present value or higher. There has been more than average volume on the TSE also. So I'm guessing that somebody knows something like a contract or two considering the stock has been on a strong run up with a very small retreat. You would think by now that we should be in a retreat mode but it's not happening. JMHO Mike

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