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

To: micromike who wrote (2613)	12/18/1997 10:27:00 PM
From: Roman	Read Replies (1) \| Respond to of 18016

It would be really tought mike, taking into account that Japan is down almost 6% at this point and HK down 3%. Hopefully we will be able to remain at current levels.

To: micromike who wrote (2613)	12/18/1997 11:56:00 PM
From: nick cash	Respond to of 18016

from a strictly tech perspective i don't believe one can draw any conclusions based on today. yes, it was very nice to see the relative strength of nn AND it was the most positive last hour of trading in a long time (usually it has faltered badly in the last hour on up days). unfortunately it was on 500m shares while it has fallen on 2mm share days. i would call it a reversal if we had seen ~1.5mm shares or so. buyers are not back obviously. are the sellers gone or did they just take the day off to take advantage of the low volume in the stock in an attempt to get a higher price another day (remember they're sellers-they want the best price they can get). if we drop another 1 1/2% on the nasdaq tomorrow and nn is up over a point again i'll become more of a believer esp. if it's on much better volume. volume is a key indicator in my technical model as i have found it to be highly reliable, hence my skepicism about the signif. of todays move. all imo only....nick