SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Newbridge Networks
NN 14.63-2.3%Jan 29 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug who wrote (11611)5/26/1999 10:55:00 AM
From: Robert  Read Replies (3) of 18016
 
Hi Doug,
US $28 is an important level, as you suggest. I see 2 possibilities: The first scenario is a continuation downwards to the next support level at $24. The second scenario is more bullish in having the $28 level hold, with the stock forming a reverse head and shoulders pattern. I see $24 as a worst-case situation, and favor the latter if the market doesn't stall further. Newbridge is therefore near a bottom that makes it a "near term accumulate" by the Rankin rating system (joke)....Regards, Robert
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News