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


To: Peter Moss who wrote (5872)8/5/1998 3:14:00 PM
From: Doug  Read Replies (1) | Respond to of 18016
 
Peter: If the shorts can breach the $18.2 support they know there is a good down leg ahead of them. Because of the high P/E and lack of any sustained positive momentum consequent to the CC, NN is vulnerable.

The market consists of Longs and shorts. Currently the reward risk is in favor of the shorts.