"I notice there's a little sell-off and I wonder why anyone would lighten up 7 market days before ComNet."
There is much discussion of technology on this thread, and relatively less on the share price and potential near term-trends.
Surely a prudent investor would sell part or all of their position after a sharp run-up such as we've just seen. Such are normally followed by a price fall back that would allow one to buy back in.
However, what I am trying to devine, as I'm sure most of you are, is where this is going in the next 7 - 10 days. My chat buddies feel that the quarter news, or at least it's anticipation, will be positive for the share price. However, the Lucent/Ascend announcement has pushed NN farther than expected that the quarterly news would. One of them, a techie sales type with "contacts" at NN, sold last week, as he had heard rumours that the next 6-12 months would be weak due to failed contract talks. I quite enjoyed calling him Weds night! However, was he right? Was it only the Lucent deal that has given us this little push??
So, pundits, was the $59C the other day as high as it is going on this short-term cycle, or will the quarterly news push it into the $60s CDN??
Thoughts please.
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