Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Graham Marshman who wrote (2331)	4/5/1999 5:24:00 PM
From: Paul Fine	of 14638

Good day for NT; need another. As I have said before, I thought we needed to close over $64 on good volume for at least consecutive days before we could be sure we had broken out of the 8 week range of $60, +/- 5%. Well, today we closed at $66 3/16th on 2.1MM shares. While I am alittle disappointed on the volume(30 day average is 1.9MM shares), it is certainly better than a sharp stick in the eye! Now the key will be how much profit selling we see tomorrow vs. latecomers jumping on the NT bandwagon. Same is true for the overall market, with the Dow closing over 10K again. We also need to see what ASND reports re the overall networking market and share gains in their qtrly report later this week. Hard to tell if their upward move is them or just tagging along with LU. If you all remember, NT took a hit when COMS pre-announced their bad news earlier this year. Don't want to get caught in an irrelevant downdraft. All cautionary comments aside, NT is behaving very well the last few days. Daily volume this week will be the best indicator of investors' conviction. Let's all keep our fingers crossed. Paul

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