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

To: daaan who wrote (7049)	9/28/2000 7:52:13 AM
From: t2	Read Replies (2) \| Respond to of 14638

At Faber (CNBC) said this news was out on this Sanford Bernstein analyst's report yesterday and well known several days and weeks ago. It is no wonder the stock has been down. This could be the bottom in these stocks (per Faber). He cuts next year's earnings by about 2cents---give me a break!!!!! Cisco started moving up yesterday and could have bottomed 2 days ago. Should have one hell of a short covering rally. I am going to enjoy today's big rally on NT shares. Short sellers that were late to the party are going to get hurt today, IMHO. Sometime late this afternoon/tomorrow/ or early next week, we should see some reiterating buys, upward price target revisions. Surely, a buy who like Lucent over NT/CSCO can't be considered an axe for NT or Csco. BTW--still think CNBC gives too much importance to this one analyst. Faber has probably been talking to people close to him for his negative views on telco equipment stocks. Finally, we can put this one to rest and maybe Faber can start talking to someone from the bull camp. I will give Faber credit for pointing out that this report could be the bottom.