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


To: Tunica Albuginea who wrote (12678)8/12/1999 4:42:00 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 18016
 
Anybody: today market up inAM, NN down.Then markets down in PM but NN up 1/16 on very low vol 356,200.
This is obviously not a coincidence.When something moves upstream it means something.( ie there is an "active" effort against the current). My take:

- somebody is still trying to shake off the tree the last NN diehards who haven't sold.
-very few however took the bait: only 356200, lowest volume of the year? and NN ends up 1/16th.
-people continue to try and pick up NN at these prices but they don't want to appear doing so.

TA@speculation.com