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

To: Tunica Albuginea who wrote (16810)	2/2/2000 2:56:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 18016

Peppe: Tech. Analysis on NN: as I watched NN last few days inexorably climb up to and past old highs I saw and felt that NN was surrounded by a circle of mostly old investors. They all sat around sort of numb,ÿ afraid to move. Many had been burned so many times in the past that they were afraid to move this time . ( try putting your hand on a hot stove for the 6th time ). For most NN had ( has ? ) lost all credibility. And yet technically all the signs of a breakout are there. Sudden volume changes. In large amounts. Over a longÿ period of time. With large intraday point gains.Almostÿ resembling a momentum stock.Except that NN has stopped being a momentum stock 2 years ago. So obviously something else is going on. And we know what is going on. We all can read the papers. But, is true, is it for real? Well i have been a doubter too, especially in these volatile markets.I sold and bought it back a few times in the last 2 months. But as I watch this stock I get the feeling that something will happenÿ any day and that it is dangerous to daytrade it. You can loose it.ÿ So I made a promise to try and go very long, all the way toÿ Feb 22.ÿ My 6th sense tells me I am going to be right on NN this time, :-) TA