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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (13136)	2/13/1999 2:27:00 PM
From: Neil H	Respond to of 90042

Thanks Dawg - About ready to sign off. Its my bed time. About 10:20PM. Would you like to know what will happen today? :) Regards Neil

To: Junkyardawg who wrote (13136)	2/13/1999 3:21:00 PM
From: Glenn	Respond to of 90042

Newbridge stock slips on reports of contract loss TORONTO, Feb 12 (Reuters) - Shares of Canadian networking firm Newbridge Networks Corp. <NN.N> slid lower in heavy turnover on Friday after reports the company had lost a lucrative contract. Newbridge stock fell C$2, or 5 percent, to C$38 on volume of more than 1.7 million shares, making it one of the most heavily traded issues on the Toronto Stock Exchange. In New York, Newbridge was down $1.63 to $25.50. Reports on Thursday said WIC Connexus, a unit of WIC Western International Communications Ltd. <WICb.TO>, had axed a contract worth up to C$500 million with Newbridge and France's Alcatel Alsthom <ALA.N>, originally unveiled in August of last year. U.S.-based Cisco Systems Inc. <CSCO.O> could end up getting the contract, according to sources close to the deal. The contract was for technology known as local multipoint distribution system communications. It uses microwave frequencies to provide a large bandwidth communication path between two buildings, or a building and a cell site, to allow the link of telephone service, Internet connections and more. WIC Connexus's plans might have been scaled back after parent WIC Western was taken over by Shaw Communications Ltd. <SCLb.TO>, sources said. Newbridge spokesman John Lawlor on Thursday said only that the contract had been changed. He added that the Kanata, Ontario-based company had not included significant revenue from the deal in its forecasts. David Beck, a TD Securities analyst, said the reports "definitely spooked some people." Another analyst, who declined to be identified, added that Newbridge shares should be down two to three times as much. "The worst possible scenario is to lose a contract to a competitor," he said. Beck said he had not factored in revenue from the WIC Connexus contract in his projections for Newbridge and said he sees the stock's drop as an opportunity to buy. "I think it's gone to a very attractive level." ($1=$1.49 Canadian) 941-8109, or e-mail lydia.zajc@reuters.com)) REUTERS Rtr 15:57 02-12-99

To: Junkyardawg who wrote (13136)	2/13/1999 4:52:00 PM
From: Paul A	Read Replies (1) \| Respond to of 90042

aha! thats so funny, when he mention that I thought wow! thats amazing- and saw you post the same thoughts.. I just noticed in my profile I have the comments 'if you know how to cut your losses youll never loss on wallstreet'.. talk about a hypocrite!!! That was the worse part about my crash on Monday.. I have spent so much time trying to figure out this game, have come so damn far, and a simple emotion that I cant get rid of continues to haunt me. Its unfortunate because daytrading has amazing potential, but I simply must admitt now that I cannot fight the Italian blood and to be honest I dont want to change my personality to accomodate my job.. After 2 years of knocking it, I will be returning to position trading. I miss the research, the speculation, but most of all I realize that when your trying to make all your decisions, every day, based on what will happen in the next 30 seconds- will MASH finally get the hell off the ask with that b.s. 200 share block? will people start selling? is it time to buy yet?? its not for me.. I will still be doing my bottom feeds a few times a week but only because thats a whole different game emotionally.. Positions I never have a problem cutting losses.. When I daytade, I get too caught up in the speed the decisions need to be made in and no matter how hard I try, I find myself always looking to take a gamble.. When you spread the thinking over 2-30 days things are a bit more clear. Now more than ever I respect day traders.. I simply must admitt I cant do it. emotionally cannot do it. Not such a bad thing to have to admitt I guess, but admitting its the hard part.. ops- FNHC is just a trade that went well from Friday.. No way/shape/form is that one a position.. Im just risking profits not yet realized on that little monster..