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

To: mtnlady who wrote (7771)	10/27/2000 5:44:31 AM
From: Zoltan!	Respond to of 14638

>>Meaning that Roth isn't used to the hoards of 'uneducated masses' following NT. Well he should be, they propelled the stock up. >>Yes.. I do believe Roth was correct... "day traders" did dump NT the other day. What moved NT were the big guys dumping. Pulse: Nortel's Troubles Dished Out by Big Holders By John Raess Staff Reporter 10/25/00 6:55 PM ET For institutional investors, the timing of Nortel's (NT:NYSE - news) announcement Tuesday of poorer-than-expected revenues may have made it an easy choice to bail on the networking giant and related optical stocks. Large investors were the movers on Nortel -- most of the 123 million shares that changed hands Tuesday were in blocks of 10,000 or more, TheStreet.com reported. Nortel was down 29%. Also dropping were optical maker JDS Uniphase (JDSU:Nasdaq - news), which was down 25% and SDL (SDLI:Nasdaq - news), which is being acquired by JDS, which was down 26%.... thestreet.com

To: mtnlady who wrote (7771)	10/27/2000 9:10:41 PM
From: Dave Kiernan	Respond to of 14638

Thank you for your thought provoking, well written response. I was being a little flip with my post. I have every confidence in NT and Roth; probably one of the most savvy CEOs out there. Welch, GE CEO another great one..by the way he is on 60 Minutes this weekend..saw a snippit of show and he stated he started reading message boards regarding GE and himself sometime ago..should be an interesting view. Watching time and sales window in pre and after market hours indicates to me that big players are dominating more than ever..the order sizes are too large for the average daytrader I know, except for a small handful. Looks like the "instant world" has progressed from coffee to stocks over the last decades. Regards Dave K