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Technology Stocks : Nortel Networks (NT)
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To: Kenneth E. Phillipps who wrote (2708)5/17/1999 4:30:00 PM
From: Ron Dior  Read Replies (1) of 14638
 
Not much going on last two days. Low volume and bad BAD market conditions. I still think that we are in a trend with an upward bias. Todays action in the Nasdaq looked very encouraging for tomorrows trading day. NT had 3 large block buys come through after hours which is also a good sign. Volume has been low due to the fed meeting tomorrow. Nobody wants to commit to a position of any magnitude. I think the fed will not act tomorrow and stocks will go higher from here. Many are betting that the market will fall tomorrow, that is why I think it will take off. JMO

Ron Dior
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