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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: RDR who wrote (3052)	7/20/1999 10:13:00 AM
From: Paul Fine	Read Replies (1) \| Respond to of 14638

The market does not seem to rewarding companies that only meet/slightly beat the expectations(eg, LU, MSFT,etc). This makes we a little more cautious about NT's expectations next week. The company does not have a record of blowing out the consensus numbers; being right on the $.50 or only a few cents ahead is the most likely scenario. Unless market sentiment changes in a week, that type of performance won't lead to a price spike upward, but could have some selling on the news. However, despite my cautionary comments, I did come in and buy another 1k shares this morning on the dip, once I saw alittle turnaround. I key part of that decision was based on the heavy volume(for NT) at the open; over 500k shares in the first 1/2 hour of trading. Tells me some MM panicked at the open and dumped; usually a contrary sign. We will see who was right soon enough. Paul