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

To: pat mudge who wrote (13503)	9/30/1999 5:35:00 PM
From: Rob Riordan	Read Replies (1) \| Respond to of 18016

If the recent decline in NN's share price is related to "window dressing" then I suspect we may see a bounce in the stock tomorrow. Here is why: Mutual funds did not make money on NN this past quarter so they were probably selling this week, not wanting to show a money-loser in their fund at qtr's end. Every analyst report I have read makes some statement about waiting for another positive earnings report before they get excited about the stock. So the theory goes that accumulation starts in earnest tomorrow on the bet that NN will meet next quarter's expectations and that a host of analysts will upgrade them, making today's price a great entry point. Sounds good in theory. Rob