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


To: Tunica Albuginea who wrote (3721)3/17/1998 12:24:00 AM
From: pat mudge  Read Replies (2) | Respond to of 18016
 
Also we need to ask: if you get out of NN were would you put your money? I mean if you park it somewhere wouldn't you rather park it in NN were some day you know you'll wake up with a nice new contract?

When I say I'll take some profits, I mean skim some off the top, not sell my whole position. I agree I'd like to wake up a couple years down the road with my NN shares multipled in value many times.

Having said this, I have to admit I've been unusually flexible in getting in and out of different technology stocks over the past 3 or 4 months, always with good reason. In NN's case, I think the bad news is factored in and is perhaps the safest networking play you can find. Everyone talks about the possible earnings disappointments coming up but I don't think anyone would include NN among them.

At any rate, I'm sitting tight.

Pat