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

To: Greg Spendjian who wrote (4404)	5/6/1998 4:22:00 PM
From: Brett Nelson	Respond to of 18016

Greg - I agree...I was hoping the volume would be a bit lighter. In addition, although I felt the stock was over-extended, I would have preferred to see a pullback occur over a few days (rather than a 4% drop in one day). As it now stands, we are just 1/2 point off $30, which is IMHO a key resistance / support area. My concern at this point is with the broader market. The Dow is nearing 9000 again (a psychologically important level) and many of the leading tech stocks are reversing (AOL, DELL, etc.). Let's hope a broader market decline doesn't drag our dear NN back down into the terrible twenties.