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Technology Stocks : Nortel Networks (NT)

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To: llwk7051@aol.com who wrote (3167)8/4/1999 3:45:00 PM
From: Martin Goldenberg  Read Replies (1) of 14638
 
Robert, I thought of that but I also follow CSCO LU and CIEN and I am also holding some of theeees others. So if we compare their relative performances over the last 5 trading days it shakes out somewhat like this ( and the day is not over):

NT from $88 to approx $82 (7% decrease)

LU from $66 to approx $64 (3% decrease)

CSCO from $62 to approx $62.5 (1% increase)

CIEN from $32 to approx $32 (0% change)

So NT is not caught in a sector rotation. It is relatively speaking,getting beat up bad, and I want to know why. It's gotta have something to do with divesting of some of its operations....the insights of which I do not yet have a clue.

all the best,

Martin
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