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

To: KM who wrote (7894)	10/29/2000 10:10:24 PM
From: bambs	Read Replies (1) \| Respond to of 14638

Higher probability of more down moves than a return to previous highs. How can that happen? I thought the markets always have to go up? They are supposed to aren't they? I mean as long as you buy good companys with good growth and hold on long enough you will make money. Like if I buy NT here and hold for 20 years I should at least be able to make enough to cover inflation. Shouldn't I? I mean it's a good company....I know the P/E is N/A but that don't matter do it? I sure hope we get a rally this fall because we all want one...I think we deserve one don't we? We have been good all year and held or stocks and bought more on the dips...It's time we get rewarded. Maybe I'll buy some AMZN in the morning. I heard that there was an article in Barron's this weekend. I didn't read it but I looked at the chart. I seems cheap to me. A friend of mine bought some a while ago at a much higher price. I think I will buy some here. If he liked it at that price, he must love it now. Good luck and have a happy day, Bambs p.s. the above is a complete joke. this market is going in the toilet and the naive with it.

To: KM who wrote (7894)	10/30/2000 8:48:53 AM
From: Bosco	Respond to of 14638

Hi KM - I am long in NT, so I cannot say I am unbiased, but you sez "There's been a major change in the fundamentals" I'd like to hear your reason(s) behind this stmt. AFAIK, the recent NT stk problem is not due to any change of her fundamentals. Rather, it is due to perception and expectation, retroactive or otherwise. A cyberfriend on this thread has actually sent me an excerpt of an analyst report in a PM, which he feels he should not post it publicly [and I agree,] but the much quoted analyst <wink>, one of the harsher critics from a major house who has downgraded NT, seems to suggest there could be a credibility, even though he was right on the mark of the aggregated topline, $7.3B, even though he overestimated the FO segment and underestimate the Wireless segment [I think] And he also hit the bottomline by saying NT would exceed 17c --- and she did. Still, he downgraded her anyway. The only real reason, or at least that is my impression anyway, is that it is a safe thing to do. So, my question, what part of the fundamental has changed? TIA best, Bosco

To: KM who wrote (7894)	10/30/2000 9:05:32 AM
From: Bosco	Respond to of 14638

Hi KM - I reread your post just to make sure I am not missing something, maybe I did misunderstand you. You also said, Could this be the same thing? I'm not dogmatic about any of it but right now, you take the fundamentals and look at the charts of some of these companies, and it don't look good. Higher probability of more down moves than a return to previous highs. To begin with, I should learn from you for being undogmatic. My own stubborness has indeed cost me dearly. I also agree NT will unlikely return to previous high any time soon due to the technical damage. That said, I am confused about "fundamentals and look at the charts..." I thought chart reading was more TA than FA. Do you consider it fundamental analysis? TIA On a separate note, I think there comparison between the semi and FO are somewhat misleading. To begin with, before the semi gone over the cliff, the semi cap [sub]sector, the leading indicator, has already showed signs. There is no doubt there will be distribution in the FO, and NT in particular. However, the recent plunge could be excerbated by the people who have held BCE for years. They might not be growth investors but they held on to the stk due to the high value [valuation, to be precise.] To me, they are the weak hands. An equal argument is that NT will be a stronger stk after the selling stops. IMHO, the fact that no one comes out to strongly defend NT --- so to force an artificial bounce --- is a good sign. Even the NT bulls, like Mr Parmalee, has suggested accumulation after the stk stabilizes. best, Bosco