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

To: EdR who wrote (5871)	8/5/1998 4:04:00 PM
From: Doug	Read Replies (2) \| Respond to of 18016

Ed: Todays sell off was a preplanned assault. My guess is that the Traders saw the large number of Stop Loss Sells at the 19-21 level and decided to take them all out and buy into NN. That often happens when a stock is hovering at a support. Now that the Stop Loss sells at the $19-21 level are down, the traders have had their fill. Tomorrow they are likely to sell their catch for a higher price. If NN does not start moving up, another batch of Stop Loss Sells will form, this time at a lower level than $18. The traders will be monitoring that for action on another day.