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


To: Doug who wrote (3255)2/20/1998 5:21:00 PM
From: michael  Read Replies (1) | Respond to of 18016
 
I am really concerned,especilly after today....looks like a retest of 19.
If it can't hold at 19...who knows...maybe 15.

I am long the sock at 27...and thinking about cutting my loss here.



To: Doug who wrote (3255)2/21/1998 12:07:00 AM
From: pat mudge  Respond to of 18016
 
It seemed convincing yesterday. But what happened today.!

Options expiration. The MMs decided to keep the price below 22 1/2 and not much this side of a buyout rumor would have pushed it higher.

Next week will be far more telling.

Later --

Pat



To: Doug who wrote (3255)2/21/1998 2:34:00 PM
From: Mark Kubisz  Read Replies (2) | Respond to of 18016
 
PMFJI, but I don't think today's move is anything to worry about, nor indicative of the stock about to test new lows. It's just short term players taking profits ahead of an uncertain event - namely just what will be contained in the Feb 24 release. Once that comes out, the next move could just as easily be up as down.