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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (24905)	1/26/2000 4:12:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71409

Jim, >>15:42 ET Nortel Networks (NT) 99 7/8 -9 halted: Canadian Bell >>operating company, BCE Inc. (BCE 99 1/8 +3 1/8) reportedly to sell >>95 % of their holdings in Nortel, BCE owns 39.2% ($55 bln) of NT, >>so the sale would be about 36% of Nortel shares; SG Cowen analyst, >>Chris Stix says the sale is not a huge negative but could pressure >>the stock near-term; long-term however, he sees the sale as good >>news for NT as it will add liquidity. This news should pressure the sector. I think the bloom has come off the rose as the telecom are no longer invincible. It is time for this sector to rest and the money to go else where anyway. Let's see the reaction to JDSU after the close.