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Technology Stocks : Nortel Networks (NT)

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To: Paul Fine who wrote (2474)4/19/1999 9:11:00 PM
From: Stocker  Read Replies (1) of 14638
 
Paul,
Not sure about you but one thing that I noticed as crazy about today is the advance/decline numbers. 2/3's of stocks were higher even with the Dow reversing like it did. That's a lot of money moving in the same direction fast. It will be interesting to see if things cool off tomorrow. There have been quite a few imbalances created all of the sudden and it's definitely a time for stock picking, if not now, in the next few days/weeks. Problem is that there are also a lot of stocks that I think will be slow to bounce. Finding the quick recovering winners while staying out of the slower stocks will be the hard part.

LU down much more than NT today. CSCO down same percentage wise as NT but on much heavier volume than normal.
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