Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: PAUL ROBERTSON who wrote (10787)	6/14/2001 1:08:39 AM
From: John Paquet	Read Replies (1) of 14638

It is not only LU or NT in this market place, it is Dow and Nasdaq in general market term. Nortel went down these 5-6 days, purely due to general market impacts as Dow went into a 5-6 day's correction mode. But tomorrow Both Dow and Nasdaq turn around, Nortel will for sure. It is my view that Dow @10850 will gain support from here, as that Dow 10850 was last Fed cut rate between FOMC schedule meeting. Tomorrow PPI and CPI will boster waht Alan Geenspan's last week in Singapore Economy Conference. He said that there is no inflation problems in the US economy systems. These two data PPI and CPI will confirm exatcly what Alan's words. It implies there is room for cut another rates on June 27. Dow and Nasdaq will have huge rally based on these data. Therefore, Notel will indeed show much of life, I take it gap up and continue move upward to $15.00 US as NT was too much oversold due to Dow's correction from 11350 to 10875. We shall see. John Paquet

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