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


To: Ian@SI who wrote (13591)10/12/1999 2:04:00 PM
From: options101  Respond to of 18016
 
Yes this is a frustrating stock; I started initial position and averaged down from the high 30s as it was coming down from $69 few years ago. I have over 1400 shares at an average of about $30 and this (along with coms) have been my consistent dogs the past few years (thank god for the asnd,csco positions). I cant take it any longer and I've just put a GTC sell order at 24 7/8s; hopefully it'll occur soon so that I can take the loss and move on and end this torture... :-)

Good luck to remaining longs!




To: Ian@SI who wrote (13591)10/12/1999 2:05:00 PM
From: pat mudge  Read Replies (2) | Respond to of 18016
 
I believe they had closer to 10%.

At any rate, it's a relief to know this weakness has a reason. For awhile I thought maybe TM had said something unthoughtout.

FMR's selling can be seen two ways: they sold half their position or they kept half their position.

I'm glad they kept half. :)

Pat



To: Ian@SI who wrote (13591)10/12/1999 2:07:00 PM
From: gbh  Read Replies (1) | Respond to of 18016
 
It obvious that Fidelity is not done, or they are being joined by someone else in abandoning this stock. The stock is being sold recklessly today, with a pronounced lack of buying.

Is this the precursor of yet another earnings disappointment? Two and a half weeks from the quarter close and the stock now down about 20 percent from its previous 1 day earnings run. Seems obvious that not many have confidence in this quarter yet again.

Gary