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


To: MikeM54321 who wrote (4047)12/27/1999 5:37:00 PM
From: OrionX  Respond to of 14638
 
Can anyone possibly explain or correlate the big blocks of options with today's price movement? Does anyone have the time of when those options went off?

Thanks.



To: MikeM54321 who wrote (4047)12/27/1999 6:44:00 PM
From: Bosco  Read Replies (1) | Respond to of 14638
 
Hi Mike - yes and no. In need of fund to live dangerously again, I did sell some NT awhile ago to jump into other stocks, to my surprise NT continues to outperform most of my other holdings! [Well, I have nailed VARL thus far and CDO still has a lot of potentials, but I ve also committed a lot of mistakes. I still have a bit of cash and I ve been accumulating CNC.] The upshot is that NT is now more than 1/2 of my portfolio in $ term.

I think NT is now behaving like a hot stock, so for once in my life, I am gonna to throw away my value investor hat and cast caution to the wind - and ride this bull until she is out of stream, but if you look compare NT and CSCO charts, they look quite alike. So, both business fundamentals and technical fundamentals are telling me "don't ever sell the stock again!" For once, I am inclined to listen.

p.s. I guess I am still the living example of what-not-to-do if one wants to be a successful investor!

best, Bosco