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Technology Stocks : Nortel Networks (NT)
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To: James Chan who wrote (236)10/26/1997 4:06:00 PM
From: Winston A. Chin  Read Replies (1) of 14638
 
Hi James,
I thought $95 was a strong support level but it seems to be testing the $90 level. I am planning to start accumulating at the $92 level as I think the PaineWebber target of $130 by the end of 1998 is achievable. Personally I am not too surprised by the clobbering as the PaineWebber target for the end of 1997 was $95.The recent run up to $113 was probably caused by the article in Investor's Business Daily (Tuesday Oct 7,1997 Pg A6)
WAC
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