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Technology Stocks : Nortel Networks (NT)
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To: zebraspot who wrote (9241)1/15/2001 11:59:58 AM
From: Robert  Read Replies (2) of 14638
 
"Mid-40's within a week..."

If only it were that simple. I have cash on the sidelines, but will wait for guidance. By the way, the $25 target is based on a PE of 25 going forward. That is what you used to pay for a high growth stock. Valuations are still out of whack........However, I agree in principle that buy targets are usually on the weak side.....ie if you are luck enough to find a bargain, you should take it....just as 12 month targets are moonshot goals on the upside....Still, there are concerns..

Robert
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