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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 9:30 AM EST
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To: pat mudge who wrote (11341)5/9/1999 8:05:00 PM
From: Stam  Read Replies (2) of 18016
 
I am very glad to see all the cheerleading from the longs. I fell good
shorting the stock at $30 and will continue to short it on any dead cat bounces induced by short covering. This company has a history of
negative preannouncements, has lost credibility with the investment professionals, and one day if you don't use the rallies to get out, you will wake up with a nightmare, the stock being down $20or more not just $7. The company could have good products, but so did SHVA. It preannounced when it was at 35, opened at 19 rallied to 21 where I shorted the shit out of it, and then drifted down to 15 until the next qrt, where they preannounced and opened at10. The stock drifted and eventually was bought out by INTC at 6 cash only. Obviously INTC recognized the good products of SHVA but that did not help investors
who believed in the great products.

So I caution all of you out there, if there is a takeover someone will step in only when things look really bad and the stock price is significantly lower. Same story as ASND/CSCC .

My target is @4-25 short term 1-2 weeks, maybe a rally because of some bullshit announcement on June 1st to low 30's and eventually the stock will be a teenager longer term 3-6 months.
high teen's longer term
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