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

To: pat mudge who wrote (7004)10/15/1998 1:36:00 PM
From: Bron-y-aur  Read Replies (1) | Respond to of 18016
 
a contributing factor to nn pop today??

briefing.com:
12:54 ET Fore Systems (FORE) 11 1/2 +1 1/16 (+10%) Networking equipment maker's shares being
lifted by a Needham & Co initial "strong buy" rating; notes stock has fallen precipitously, despite increasing
demand for company's products. Volume 2.6 mln vs avg daily turnover of 2.75 mln; intraday range 10 7/16
to 11 3/4. Estimates: 1998= $0.47 (vs $0.35 in 1997), 1999= $0.75 (P/E 15), 5-yr growth rate 30%.



To: pat mudge who wrote (7004)10/15/1998 2:43:00 PM
From: Doug  Read Replies (2) | Respond to of 18016
 
Pat: This could be a crucial week for the following reasons:

a: This Friday will be the 1/2 way mark between the last and next Fed
Committee meeting. If A.G drops the rate by another 1/4 pt, markets around the globe will applaud.

b: If DJIA closes above 8100 with strong Breadth, it will signal Bear Capitulation.

c: If NN closes above $18 on increasing volume, it will signal a start of a trend reversal.

Good luck.!


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