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

To: david bell who wrote (2457)	11/15/1997 11:54:00 AM
From: randy kay	Respond to of 18016

Okay, I'm going to go WAY out on a limb here and forecast a possible scenario. First. Thurs/Fri. close were very strong. Based on past performance, if NN can close higher this Mon. than on Friday and then close even higher on Tues (with a black candle stick) this would bode well. After that I would expect a slight pullback until the 24th. I strongly believe that Mon/Tues will set the tone. 'If' the rest of the sector rallies and NN doesn't then it will be very bad, however, if sector AND NN rally and NN MANAGES TO HOLD ONTO MOST OF MON/TUES gains until the 24th, then we should see a good up after they report earnings. As for long term I can't say. I am holding puts at the moment but if the above scenario unfolds I will probably go long after earnings at least for a while depending on how NN and market are behaving by then. Again, I think Mon/Tues will be important days to watch relative to sector. These two days might indicate underlying future movement. BTW, I reserve the right to be COMPLETELY FRIGGING wrong. Randy