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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: Tunica Albuginea who wrote (12441)7/30/1999 10:20:00 AM
From: Peppe  Read Replies (2) | Respond to of 18016
 
Holding for $29, sell order in place for some time now.<ggg>

Cheers,

Peppe



To: Tunica Albuginea who wrote (12441)7/30/1999 10:28:00 AM
From: Tunica Albuginea  Respond to of 18016
 
Peppe: too late to sell at 28 3/16 if you didn't sell already!: 28 3/4 rt. <BG>.

Observations on today's stock action:

-by 1015 ~800,000 shares traded, almost a complete average day's volume of few days ago.

-the initial pull back lasted 1/2 hour and ' 500000 folks took profit.
( anybody partying this weekend?).

-by 0958 the stock took off powerfully on the upside again; a relentless climb.

-by 1025 1 mill shares traded, almost al of yesterday's volume, and these aren't sellers!!

-on my list of 100 stocks it is No 1 today with a 6.44% intraday gain.

- based on the above clinical signs, my evaluation of the ailing patient are as follows:

-all the momentum players are out.

-new investors (? previous investors ) are beginning to pour in, afraid that they will miss a further ride up.

-Vital signs are much better.Patient should not go to the nursing home.Consider discharge home with potential of returning to work rather than retiring/disability.

-my investment strategy will likely change: I will wait till NN goes a little higher. Then I will increse my total position by 20% and
begin to day trade that 20%. This way I will safeguard my core position and avoid losing points on the upside.

-NN, got to love this stock: a disease, a drug a treatment, all rolled into one,

TA