Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Fishfinder who wrote (13494)	11/30/2002 5:32:10 PM
From: Cosmo Daisey	Read Replies (1) of 14638

Dear Scott, The recent percent increase in NT stock price needs to be ignored. Look at the money on the sidelines and the name brand status of a low priced stock. It's still a $2 stock and when "smart money" comes back to the market they will be looking for NT. A comfortable level is around 8/10 from a technical view. The price has moved above resistance @ 1.25 and both volume spikes in June and July were buyers looking for the bottom. A good solid bottom appears to be in place from Sept/Oct. I don't think anyone believes that NT is going back to a buck. You only need one great stock in your lifetime, is it NT? cdaisey@addingnt.com

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