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

To: Roman who wrote (2609)	12/18/1997 12:38:00 AM
From: nick cash	Read Replies (2) \| Respond to of 18016

if the past 2 days is all the bounce we're going to see then this stock is in more trouble than i thought. this doesn't even look like a good dead cat bounce much less one that will find support. the action is terrible and each intraday rally attempt is met with quick selling pressure. the stock is definately still undergoing distribution and continues to look very vulnerable. tomorrow and friday will be important. if it can't muster something more positive then i think 28 is looking real possible real quick. i felt even a dead cat bounce would make it to 39-now i'm not so sure. as you know, i think the stock is a pretty good buy in this area on fundamentals but wouldn't step in until the technical picture improves as it is god awful right now. fwiw, imo only....nick