Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lucretius who started this subject	12/9/2000 12:54:51 PM
From: Shack	Read Replies (2) of 436258

From Jubak's article on TSC about bear market rallies (a pretty good read by the way) How many other companies are constructing these time-bombs? RE: Nortel. But I sure wouldn't count on the stock to bounce up to those levels, because the near-term fundamentals at the company are still showing signs of decay. Nortel has recently decided to triple its lending to European customers so they can buy its equipment. Making $3.7 billion in potential loans available to customers is certainly one way to keep sales growing at Nortel, but the move doesn't fill me with confidence about growth in the company's market. At the least, I'm sure analysts will raise the increasing loan commitments as a red flag when the company reports in January. At the worst, Nortel could get stuck holding the bag if one of its less-creditworthy customers blows up. No matter what the chart says about resistance levels, Nortel has just become too risky for me. I'm selling it out of Jubak's Picks with this column. (Long-term investors in Nortel should consider cutting back to a core position in the stock. That's what I will be doing in my own portfolio three days after this column runs.) thestreet.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next