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


To: unix_daemon who wrote (7917)10/30/2000 9:14:09 AM
From: rrufff  Read Replies (1) | Respond to of 14638
 
The problem is taking Cramer in a vacuum. At NT's peak, he was a superbull, going so far in his column bragging how those who were selling were bombarding them with calls and they were taking as many shares as they could get. I'm paraphrasing here and I've got nothing against or for Cramer. I just find it hard to see that any of these so-called analysts should be followed. They're no better than SI gurus. In fact, they are a step behind.

My contention is listening to someone who was bullish at a top does not make me want to listen to him when the stock has tanked. Again, bears are doing now what bulls did in March and April. You remember going to parties and people telling you how much they were making and the market would never go down? Well, now I go to parties and people have discovered puts and short selling.

IF this is a bottom, can you think of another stock you'd rather own?



To: unix_daemon who wrote (7917)10/30/2000 9:42:47 AM
From: bosquedog  Read Replies (1) | Respond to of 14638
 
"[NT predicted] it would do $12 billion in optical

No, they did not predict this.



To: unix_daemon who wrote (7917)10/30/2000 10:16:14 AM
From: Techplayer  Respond to of 14638
 
unix_daemon, Cramer said that WCOM is reducing cap-ex spending "big time" and that owning all equipment stocks is a mistake. Anyone that could spend 1 hour trying to understand the telecomm equipment market would find this conclusion to be incorrect and borderline manipulative. tp