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Technology Stocks : Nortel Networks (NT)
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To: Neil H who wrote (700)9/14/1998 12:26:00 AM
From: Paul Fine  Read Replies (1) of 14638
 
Neil- Thanks for the Red Herring articles. Wish they could have offered some insight to the recent sharp drop in NT price on double average volume(Fri). Having set three consecutive days of lower highs and lower lows is not a good tech sign(Duh!!); we need to hear something from NT mgmt to reassure the Street about the quarter, or let the rest of us in on some inside news if there is to be a earnings warning(which I believe would have to come out by 9/15 or you enter the quiet period?). IF we tank on Monday, in the face of a neutral-positive market, we would have to conclude that where there is smoke, someone has already seen a fire. And the average shareholder like us will be the ones to get burned, as always.

Paul
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