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Technology Stocks : Newbridge Networks

NN 14.63

-2.3%

Jan 29 3:59 PM EST

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To: Robert who wrote (11618)	5/27/1999 2:50:00 PM
From: nick cash	Read Replies (1) of 18016

i would tend to disagree with some of the ta on this thread. as i read the chart, 29 was minor support and taking out 27 (close below without rebound back above the next day) spells 23-24. the lack of volume makes it a tough call. stock acting like it wants to @ least put up a fight @ 27 though. earnings and cc are tuesday after the bell. if we hold up til then, mgmt will have the chance to solidify the support. if it breaks after the cc, then i would turn quite negative short term. nn is about 6% of the portfolio and 0% of new accounts as i'm waiting for this to resolve. tough to buy in here; would actually be easier to initiate new positions and possibly add to existing if we did break (with the market) to 23-24. i know.... more wishy washy than normal.. of course, if the market rolls over (the charts look horrible), nn will roll too. some real leaders have broken (intc, dell) others (emc, aol, wcom, ge) are fighting the brave fight to hold the recent lows. somewhat encouraged by relative strength of the naz today. just trolling the si boards to gauge sentiment... all imo only....nick

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