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Technology Stocks : Nortel Networks (NT)
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To: unix_daemon who wrote (7917)10/30/2000 9:14:09 AM
From: rrufff  Read Replies (1) of 14638
 
The problem is taking Cramer in a vacuum. At NT's peak, he was a superbull, going so far in his column bragging how those who were selling were bombarding them with calls and they were taking as many shares as they could get. I'm paraphrasing here and I've got nothing against or for Cramer. I just find it hard to see that any of these so-called analysts should be followed. They're no better than SI gurus. In fact, they are a step behind.

My contention is listening to someone who was bullish at a top does not make me want to listen to him when the stock has tanked. Again, bears are doing now what bulls did in March and April. You remember going to parties and people telling you how much they were making and the market would never go down? Well, now I go to parties and people have discovered puts and short selling.

IF this is a bottom, can you think of another stock you'd rather own?
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