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


To: Doug who wrote (14061)10/29/1999 8:23:00 AM
From: Peppe  Read Replies (2) | Respond to of 18016
 
Doug,

Did you observe that today was the first time in 3 mths that NN closed at the high... What do you make of it.?

I heard of the takeover rumors, as published in the Ottawa Sun. The DOW went nuts, which I'm sure helped. But NN did bounce off its 52 week high with decent volume. The only question is how real are those take-over rumors (I suspect they were fabricated by NN longs) and whether the bounce off the 52 week low was real or a dead-cat bounce.

Market looks good this AM. Still watching it from a distance,

Peppe