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

To: Mark who wrote (4577)	5/20/1998 4:35:00 PM
From: Sinker	Respond to of 18016

Lets talk about making money. This is the greatest stock to play the swings with. I love it. You buy in the low 40's (Can) and sell in the mid 40's and make nothing but money. I have done this several times with this sweetheart over the last little while. I love this stock. Sink

To: Mark who wrote (4577)	5/20/1998 4:57:00 PM
From: Brett Nelson	Read Replies (2) \| Respond to of 18016

<<WHAT DO YOU THINK THE MARKET DROP IS FROM TODAY?... A. Indonesia causing more fear of unstable ASia B earnings report getting leaked to insiders who are selling C. anything else>> Or D. Institutions accumulating stock at attractive prices by shaking out small investors. In the last 15 minutes, over 70K shares were purchased at the ask, driving it from 29 to 29 1/2. The last trade recorded was at $29 1/4. This buying volume represents almost 15% of the days total volume. Much of the large blocks that were sold at the bid during the day (resulting in the quick price drop once we traded through $30) were repurchased at the end of the day. In between, a lot of small traders dumped their stock (seen on the tape as a flurry of small trades at the bid). Only time will tell if NN has gotten their act together but it sure seems like someone is buying this stock on the dips.

To: Mark who wrote (4577)	5/20/1998 5:03:00 PM
From: Technopeasant	Respond to of 18016

Testy, aren't we? Guessing the best entry point right now requires chicken entrails. Back in early February it was easy, buy and hold was a no-brainer. I sold last Friday. The nice peaks and valleys on the chart suddenly lost their predictability. I think the anticipation of earnings coupled with the three month run-up now has some folks wondering what the trading range for the stock is going to be. Last years highs would be nice, but there have to be some block-buster quarters before we see that again. Best bet I have for the next two weeks is high volatility. I'll be buying in on any significant weakness below $C40 $US28, but I won't be crying if it stays above that level. I'll catch it again if it takes off, even if I miss an intermediate low. Long term this is a clear buy, but only if they execute. I anticipate the run-up or down based on insider knowledge of the earnings to occur on or after the May 29. I think today's drop is more to do with the general drop in techs, (my Intel look sick), than to do with insider trading. Volume in Canada was average, about 500,000 but was not much more in the US, 580,000 which is low. YMMV

To: Mark who wrote (4577)	5/20/1998 8:09:00 PM
From: Mark Kubisz	Read Replies (1) \| Respond to of 18016

My guess is its people feeling a little unease at some recent weak earnings reports e.g. Hewlett Packard plus their observation that the stock has been slipping, albeit on low volume. I have to admit that I wondered why the stock was dropping on somewhat heavier (but still below average) volume. The first thing I wanted to do this evening was check this thread to see if there was some news or something. Other people sell first and ask questions later, and today's general weakness in tech stocks did not help. As far as I can see, nothing fundamental has changed, so I see no reason for nervousness.