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

To: Serge Collins who wrote (11513)5/13/1999 9:34:00 AM
From: Stephen Lux  Read Replies (2) | Respond to of 18016
 
Come on Serge, if FMR were liquidating there is no way the stock price would be holding at its current level. After the earnings warning we had predictions of the stock falling as low as $26 and predictions of further declines to follow. This has not happened. We can all speculate on FMR's strategy but the fact is only FMR money managers can answer this, not you, not me and not Pat.



To: Serge Collins who wrote (11513)5/13/1999 10:35:00 AM
From: pat mudge  Read Replies (1) | Respond to of 18016
 
Serge --

My saying FMR managers called Lutz to thank him was a figure of speech. Of course they didn't.

According to my sources at NN, they bought in for an extended period of time.

Funds of this size don't buy in at a stock's high nor do they dump when the market they're capturing is ready to break out.

That's what traders do and some times they call it wrong for the very reasons funds like FMR call it right --- research.

Pat


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