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

To: yzfool who wrote (3927)12/14/1999 11:51:00 AM
From: R.S. Blum  Respond to of 14638
 
I'd say a split announcement alone would entice a few shorts to cover.

Hint-Hint!



To: yzfool who wrote (3927)12/14/1999 12:37:00 PM
From: Rob Davis  Read Replies (5) | Respond to of 14638
 
Hi yzfool,

I'm not sure the number of shares that are short on Nortel to put
it into the top 20 list, but keep in mind that hedge funds will
quite often short Nortel against their BCE holdings. Teleclone
is a company set up specifically to do that...they alone are short
5.2 million Nortel shares. (The "compelling reason" to do this is
to provide investors with a way to profit from increases in value
in BCE's non-Nortel holdings.)

Cheers,
Rob


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