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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: goldie who wrote (22028)	7/13/1999 4:00:00 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 70281

Hello Goldie, How are you making out with NN? I noticed it is getting pressured again today due to a analyst report indicating it will miss the quarter. I can't see NN doing more than trading in a tight range with a downward bias the next few Q's. Most analyst will wait and see if they can successfully resolve their order processing and manufacturing problems. That will take at least 3 Q's according to management. That fact that NN did not fall further when they pre-announced indicates the institutions have not given up hope on NN just yet, but they are quickly reaching a point where their technological edge will be irrelevant. I can't say Lutz was impressive on the pre-announcement conference call either.