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Technology Stocks : Newbridge Networks

NN 16.62

-1.5%

Dec 17 3:59 PM EST

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To: Serge Collins who wrote (11361)	5/10/1999 12:45:00 AM
From: pat mudge	Read Replies (2) of 18016

Can you give us the name of one of those "key funds" that averaged down Friday? I could but I won't. If you've followed NN for any length of time you know the top names and could probably come up with an educated guess. They might pyramid, but they NEVER average down. You're wrong. They do and they have. The blocks that went through on Friday afternoon are more than likely short sellers who were covering a healthy gain on the week before the weekend. This is a common practice for short-sellers who have had a good week. They prefer to cover before the weekend and come back with a vengeance during the following week. Watch for the shorts to hammer away at Newbridge again this week. Hammer away! Pat

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