Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Donald Gravenor who wrote (7140)	10/2/2000 2:06:48 AM
From: powershred	Read Replies (1) of 14638

Hi DG... Thanks for your thoughts...Im intending to add to my position but am obviously concerned about dollar cost averaging down on a stock that may not recover...hence Im appreciative of any comments that may shed on light on things that I may not see objectively... Like you...I see it break the key support of $90 CDN but when I look at the weekly chart..I am hoping to see support at the 50MVA...if it doesnt pop down the next week or so..I would think the oscillators are bound to turn. Rightly or wrongly..I am NOT selling my position right now. While I do know insiders have cashed in on JDSU and NT...I look at it (rightly or wrongly) more in terms of their holding relative to what they have left. I do NOT expcet insiders to hold on to the very end; I do expect them to hold on a substantial amount relative to what they have sold. Unless I am wrong, Roth only made less than $60 mil BUT is bound to make more should NT continue to do well....as for P/E...I dont pay attention to them since they kinda are useless to me when it comes to looking at techs...if it was a bank stock or utilities...I would pay attention to it... I look at effect of the net kinda like what electricity was....it changes the way we do things...the day I have optical equipment at home is the day i think its time to move on...but only my two cents worth...NT is there to deliver and manage the pipeline... all the best....

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