Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Andrew who wrote (49846)	6/8/2001 2:10:52 PM
From: Vitalsigns	Read Replies (1) of 62347

Nt will need to break$18 first, but it now appears to be a only a formality . Unless they come out with the bad news, the market will continue to punish it and will then punish again on bad news., Nt in a no win situation. They might as well report a bleak outcome and get the selling out fast. Too many running for the exit on NT which can be seen as a contrarian indicator but until all the skeletons are out of the closet no such luck. The Credit rating downgrade is not helping it either and a couple of Us banks have now upped their loan loss provisions again for the telecom sector. The big question, is how much of that debt does NT hold and secondly how do they plan to raise cash , it is now going to cost them a fortune to do so, and unfortunately as usual , the shareholders will be the ones taking the biggest blow. We should see a good bounce at $18 , but $20 is going to be hard to break near term Vitalsigns .p.s TSX now officially a penny stock Parker, sidn;t have to wait a few days after all LOL

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