Nortel Networks (NT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nortel Networks (NT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Martin Goldenberg who wrote (3170)	8/4/1999 4:14:00 PM
From: Paul Fine	Read Replies (1) of 14638

NT has not gone below $81 since we passed through it on the upside the first week of June. We bounced off of it twice in mid-late June. To close below that level this week would be a very negative sign, particularly since we are now below the 50 day Moving Average. I agree the market overall is behaving poorly, but NT is now having its' own problems. While still bullish on the stock longer term, I must admit the technicals don't look good short term right now. I am not selling, but I wish I had closed out my margin purchases at a breakeven two days ago. Cisco's earnings report next Tuesday may help(or hurt) this sector. I do not expect it to be neutral. Also, the "talking heads" are all saying that the economic reports due out Friday will have a big impact on the overall market(non-farm payrolls, I believe). Alot of volatility for the daytraders, assuming you bet the right direction :) Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next