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Technology Stocks : Nortel Networks (NT)
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To: bambs who wrote (7477)10/24/2000 9:35:35 PM
From: Rob S.  Read Replies (1) of 14638
 
Yes, it might. I Bought for a pop from a short-term over sold condition. If you look at where Lucent went down by a similar one day decline, you see that it bounced around higher before losing more ground. NT is a fat pig in terms of valuation but is much better positioned than Lucent. I think they will continue to gain market share at a rapid pace. But that doesn't change the fact that the stock has been priced to perfection and the analysts who have been recently encouraging investors that "you must have it in your portfolio" are a bunch of mental midgets.
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