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Technology Stocks : Nortel Networks (NT)
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To: James Chan who wrote (105)7/1/1997 5:39:00 AM
From: Winston A. Chin   of 14638
 
Hi JC,
We reached a new high yesterday on decent volume which seems to have been made from a basing pattern. It seems as if the basing pattern of the previous week and the nip up was due to the institutions window dressing their portfolios at the end of 2nd Q. It has to be watched closely over the next 15 trading days prior to the release of 2nd Q earnings.

Winston.
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