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

To: Kenneth E. Phillipps who wrote (3321)	9/17/1999 11:30:00 PM
From: Paul Fine	Read Replies (1) \| Respond to of 14638

Pretty quiet here lately. I guess we are all getting blase about hitting new closing highs on NT :) It is hard to believe how much progress the stock has made in 51 weeks. Next week is the anniversary of the bungled PR event in NY. Give mgmt credit for learning from the mistake. Not too many other stocks have performed this well in 1999. An article in WSJ this week said that only 1.4% of all NYSE stocks have doubled in price this year(we are 1/4 pt away from joining that club). Going forward, there is every reason to believe that NT will report better than expected results on 10/26, although I don't believe they will be "blow-out" numbers, because mgmt manages the results better than that. The possible glitches along the way are: 1. Possible giveback on Monday, which often follows a strong "triple-witching" Friday. Just temporary, though. 2. Possible rate hike from 10/6 FOMC meeting. Although half the economists expect it, the market's reaction is still unpredictable in the short term. 3. For some inexplicable reason, NT tends to sell on the news. Even a good earnings report on 10/26 may not hold all of the gains achieved up to that point. Barring some hidden bad news in the conf call, I would treat a dip at that time as a buying opportunity. All this just the ramblings of a happy investor. Paul