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Technology Stocks : Nortel Networks (NT)

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To: Kenneth E. Phillipps who wrote (2676)	5/11/1999 11:34:00 PM
From: Paul Fine	Read Replies (1) of 14638

Hi Ken- I care, but just don't have a firm-enough grasp of the tech stuff to fully appreciate it. The market doesn't care right now because it won't translate into revs/profits for a while. I think the CSCO report today will lift most networking/telco stocks tomorrow, and InterOp will continue to help the sector the rest of the week(IMO). While we are still in the same trading range since the NT earnings report, we are now seeing the upside in price being done on stronger than usual volume. Not a big jump in volume, but encouraging. When earnings came out, I forecasted that the new price range would be basing for 2-4 weeks. We are at the beginning of that timeframe, but we are moving in the right direction. I think we will have to go above $74 and hold there for a week or so, before we will break out AND HOLD at a new high above $76. I still see that move a few more weeks out, when analysts get more visibility of this qtrs' numbers. Paul

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