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


To: Kenneth E. Phillipps who wrote (6801)9/13/2000 9:27:14 AM
From: Bosco  Respond to of 14638
 
Hi Ken & all - well, I may be asking for trouble here, but I think NT share price will eventually turn when all the bullish noise begins to quiet down. Don't get me wrong, I am bullish on NT business prospect; however, while I feel for others with a shrinking portfolio, your truly included :), even bigger fish like Mr Cramer is taking a bath, let alone small fish like us. The real concern is, the bigger the noise, the weaker the hand. I mean, my holding in NT is a keeper. I ve no idea what the price is today, or tomorrow, but NT is a great franchise, and that's that. OTOH, predicting the share price to go up today, or tomorrow, or forever, tend to make people do funny things, like betting the farm. When things don't go our way, we try to seek reassurance and maybe even convince others to buy in. Trouble is, IS is a small pond. And NT is LG CAP stock. Trying to go against the dealer is never a easy thing! If one is an investor, fine, it is not a bad thing to accumulate the stock or add to the holding. If one is a trader, one should be realistic.

So, be careful out there, no matter what other people said, it's your money!

best, Bosco