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

To: zbyslaw owczarczyk who wrote (9515)	2/10/1999 3:31:00 PM
From: Doug	Respond to of 18016

Z.O: Most CC's are well attended by many Analysts. The general consensus of a CC translates itself to price actions almost instantly. To that extent the price action that follows accounts for the interpretation of the CC. Ofcourse, at times, we have contradictions as in the case of the G1 dates etc. Even in such cases, the noise subsequently gets filtered out within 2 weeks of trading. In addition to all this, we must consider the influence of Insider info/trading. Every bit of information that has Monetary value in the market is traded quietly to the Insiders advantage. Do you think Investors suddenly became wise to sell (from the c$60 level) without a break upto the moment of the CC. No that info was encapsulated in the chart. However this Board had authoritative postings made stating "All was well" quite the opposite to reality. Chart readers like myself and others were confused in their hedging strategies.In the end, the chart was proven correct and not the Board. A lesson to be learnt.! In brief, thanks to Insiders a chart movement with direction always indicates whats ahead. A sideways chart is tough to read and is the only case when all are on a level field.