To: KM who wrote (7895 ) 10/30/2000 8:30:45 AM From: Islander Read Replies (1) | Respond to KM. Thanks for the definition re rigorous thinking. Pretty good. Perhaps Mister Cramer could apply it to:>>"...If you don't understand this stuff, or if you think that we at Cramer Berkowitz are being silly for selling our Nortel, I'm going to lay it on the line as bluntly as possible: You are in over your head. That is how the game is played. Give your money to a mutual fund manager or buy quieter stocks, but don't criticize me...." <<< Look, I have no real grudge against Cramer; I actually find his loud, bombastic, diatribes amusing. Especially when he buys at the top and sells near the bottom. Most recent messages on this board will remind you that executives in the optical sector, specificially NT as well as those from JDSU and RHK, as well smaller installation companies such as AFCI, see demand and earnings growing, and not the other way around, as Mister Cramer would have it. I won't repeat the facts and forcasts from the many posts. As I said, personally, I am building long positions in NT, with appropriate stop points and rebuy points. I am now also long CIEN having been short this company from 135 or so. The real question of the opticals was one of overvaluation, like the rest of the market, and they were among the last of the generals to get shot. That said, they are also the issues most likely to lead out of the bear, and for that reason, now warrant, imo, a play from the long side. Where you want to place a fair value on the opticals is still a matter of analysis,interpretation and perhaps conjecture. If you decide that it is lower, that's your call. From my perspective, I think NT is a buy. All the best, Islander.
