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

To: Bob Howarth who wrote (15815)	12/15/1999 11:39:00 AM
From: James Calladine	Read Replies (1) \| Respond to of 18016

I agree there certainly a takeover premium of maybe even $4 in the stock at present. I am of course tempted to sell and wait for the lower price to buy back in. I rode MRVC from about $6 to $37.50 and thought that it looked like it would fall to about $33 where I could buy back in. So around 2.30 in the afternoon, sold my position at $37.50 My wife wanted me to go shopping so I left a few hours before the market closed last Friday. Presumably the folks who print Barron's read it before it is distributed, but in any event, as a result of a favorable article in last week's Barrons (after I went shopping and had sold my position) the stock ran to $43 or so! By the time I got back in on Monday it was $48.75. It has since gone to $60 and is now $53 5/8. In short, my greed was very costly (and, in retrospect, stupid) I am therefore a little reluctant to leave NN right now just for a couple of points. Best wishes, Jim (submitted as my opening testimony for membership in Excessive Greed and Stupidity Anonymous)