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Technology Stocks : Nortel Networks (NT)

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To: KM who wrote (7894)10/29/2000 10:10:24 PM
From: bambs  Read Replies (1) of 14638
 
Higher probability of more down moves than a return to previous highs.

How can that happen? I thought the markets always have to go up? They are supposed to aren't they? I mean as long as you buy good companys with good growth and hold on long enough you will make money. Like if I buy NT here and hold for 20 years I should at least be able to make enough to cover inflation. Shouldn't I? I mean it's a good company....I know the P/E is N/A but that don't matter do it? I sure hope we get a rally this fall because we all want one...I think we deserve one don't we? We have been good all year and held or stocks and bought more on the dips...It's time we get rewarded. Maybe I'll buy some AMZN in the morning. I heard that there was an article in Barron's this weekend. I didn't read it but I looked at the chart. I seems cheap to me. A friend of mine bought some a while ago at a much higher price. I think I will buy some here. If he liked it at that price, he must love it now.

Good luck and have a happy day,

Bambs

p.s. the above is a complete joke. this market is going in the toilet and the naive with it.
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