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Technology Stocks : Nortel Networks (NT)

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To: Kenneth E. Phillipps who wrote (3824)11/18/1999 5:04:00 PM
From: Paul Fine  Read Replies (1) of 14638
 
The good news is that although NT has hit a new closing high at $78 7/16ths, it hasn't topped out. With Cisco and LU both moving up as well, they are breaking the trail that NT will follow. These three stocks have been moving in tandem for a month now, and I see no signs that this will abate. We will probably have intra-day pullbacks on profit-taking, but anyone who is out more than a day risks missing the next leg up.

Paul
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