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Technology Stocks : Nortel Networks (NT)

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To: Tom_ who wrote (2704)5/14/1999 12:50:00 PM
From: Ron Dior  Read Replies (2) of 14638
 
Tom & Bosco! Something is brewing with NT. I jumped in the other day because of a very strong buy signal I had received. The buys are mostly large blocks and the sells are much smaller. Think about all of the things this stock has going against it:

Near 52 wk high
Bad mkt environment
Sector not very strong over last few days
Earnings reported were not that great

With these negatives, we still have strong buys coming in. Avg. buys are 3k or better. Avg. sells are 1k or lower. Someone knows something. It could be this deal to be announced. Might be bigger than we expect. I have gone back over hundreds of news releases by NT and I have never seen them preannounce a contract deal. Why would they do that??? Add all of these pieces together and you can see more of the puzzle.

Ron Dior
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