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

To: Jon Stept who wrote (3253)	8/30/1999 7:18:00 PM
From: Stocker	Read Replies (1) \| Respond to of 14638

From theStreet.com....... An Ugly Tape and a Bushelful of NorTel By James J. Cramer 8/30/99 4:42 PM ET So we bought some Northern Tel (NT:NYSE) today off that story about how it has gotten more business from AT&T (T:NYSE). We thought it was a nifty idea because it was "found" business for NorTel. We didn't know that the tape was going to be as ugly as it turned out. Now we are stuck. We didn't sell because the market took the stock down too fast. We got caught. So often this situation occurs. We bought because the stock was not up at the beginning of the day and we thought it should have been. We are now down a buck. We did not average down because this was meant to be a trade. But we didn't take it off because we didn't want to take the loss when there is something positive that has occurred that is not "in" the stock. Here's what we are going to do. As part of this continual diary, I am going to keep you up on this Northern Tel trade, as we battle to make it work, or cut our losses. As I leave today, I am not sure myself what the right course is. More tomorrow. Random musings: Collateral damage time. Office Depot (ODP:NYSE) blows up and mentions some vague "technology" products as part of the reason. Great, thanks guys. ... Down 411 points in three sessions. Getting oversold again.