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Technology Stocks : Nortel Networks (NT)
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To: Daniel Simon who wrote (14520)6/13/2006 11:17:39 PM
From: Fun-da-Mental#1  Read Replies (3) of 14638
 
I have a friend at Nortel who says they're hiring for the first time in six years. But the stock is dropping now as if the company's about to go bankrupt. Let's not forget it went as low as $1 a few years ago, and that was a great buying opportunity. I think we'll have another opportunity like that soon. When the Nasdaq bounces, which should be soon, I think Nortel will turn around.

But there's still the chance it will go bankrupt. When the market moves like this it's usually for a reason.

Can you tell I'm indecisive on this one?
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