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Technology Stocks : Nortel Networks (NT)

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To: Harold S. who wrote (13814)4/28/2004 11:14:08 PM
From: The Ox  Read Replies (1) of 14638
 
Harold, my advice is to tune out the BS.

You are going to get lots of opinions - pro and con - on today's purchase of NT. There will be plenty of "sky is falling" comments. Just think, no kidding. The sky has fallen. It may fall some more.

Then again, it may not. Just be careful not to fall in love with your stock! Right now there isn't enough data to prove if you have made a wise purchase or not. You've taken the risk, you bought the stock. The key is to cut your losses when the time comes, IF IT COMES.

Unless you have too much of your total net worth in NT, to the point where you are risking your future happiness or financial stability, then don't worry. Just be sure you don't have all your eggs in one basket. If this is the case, I strongly recommend that you reallocate your portfolio so that a Black Friday event won't damage your current or future financial health.

Whatever you do, don't let your ego keep you in a position which could damage your future! As long as you are careful, there will always be new opportunities.

jmo,
mh
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