Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brett Nelson who wrote (4092)	4/14/1998 3:16:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

Any thoughts on what might be providing the resistance and what might provide the impetus for some upside movement (Thursday's contract was so quickly digested / disregarded)? I'm a bit puzzled, too, but looking at the other networkers I have to think it's not NN-specific. Ascend had a good quarterly report --- beat the estimate by a penny --- and closed down on Thursday and again today. Today's close: ASND down 1/16 BAY down 7/16 CS down 7/8 FORE down 7/16 CSCO down 1/2 NN down 29/64 Why they're down as a group, I don't know. With GTE's ADSL announcement today, I'd expect some upward movement, not down. It may just be what's going on in Washington this week --- the IMF, World Bank and G-Seven are all meeting and Asia is very much on their minds. I would expect the whole market to be cautious until these groups make their thoughts public. Just my take.