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

To: Luc Glinas who wrote (7559)	11/19/1998 10:42:00 PM
From: pat mudge	Respond to of 18016

In your opinion Pat, when NN will be left away by LU or others, what will be the market reactions specially if the last few days upturn was mainly due to those rumors. I don't understand the market and probably never will. I agree every rumor brings with it a downside when momentum players go off to greener pastures. I'm a long term player --- tenacious to a fault --- so take the bumps as they come. As for the NN appreciating on rumor, if this is the case, how do you account for all the large blocks? I don't believe institutions jump into a stock based on whispers but on fundamental analysis. Perhaps they may speed up their time schedule if they see it running away. But that's beyond my ken. From my experience two factors give a rumor legs: options action and strong volume. Pat