Hi Red,
Your in with NT-t short @$ 6.00 for 3,333 shares.
Chart for Nortel Networks Corp:
stockcharts.com[h,a]daclyiay[dc][pc20!b50][vc60][iLa12,26,9!Ll14]&pref=G
From the chart of NT we can see the stock is in the, how low can it go mode, as the stock has been in a free-fall for the last three months. The chart indicators are very bearish, as the heavy volume selling, reeks of funds bailing out. However, a bounce should be expected at some point. But the big question is when.
Good luck with this pick,
Al |
