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

To: unix_daemon who wrote (7931)	10/30/2000 10:42:58 AM
From: Larry S.	Respond to of 14638

I think NT is a great company, well positioned, well managed. That being said, I am very concerned about its short term price action and think we will see lower numbers. The market moves on psychology, as well as earnings. Right now the mind-set is that telecom spending will decrease due to problems of financing purchases by telcos and clecs. Vendor financing, by CSCO, LU, and NT well may becoma a major bugaboo in the coming months, and a big damper on the stock prices. With a perspective of years, NT is cheap here at 40-41, for the next few months however, i fear we will see prices close to 30. hope i am wrong. disclosure, long small NT position. larry

To: unix_daemon who wrote (7931)	10/30/2000 10:43:34 AM
From: moby_dick	Respond to of 14638

Exactly - Cramer is like the weatherman who looks out the window and sees snowflakes falling ... then predicts it will snow. He is also a "fair weather" fan - hyping stocks that are already in favor and, when they go down, he issues warnings. IMO, Cramer is at best a fledgling opportunist and at worst a manipulative scumbag. My opinion though.