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

To: OrionX who wrote (8458)	11/13/2000 1:33:33 AM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 14638

Orion, In all my years of investing and following the markets, I have never experienced the volatility and ridiculously high/low target prices set by these so-called investment firms. Some dotcoms which in reality had a value of mere pennies were being promoted to us as having $500 target prices. And now, the elite companies, leaders in their industries are being trashed and these same investment firms are lowering their target prices. Nothing seems to make sense anymore. But if you stop and think about it it does make sense. Before the advent of the internet and before investors pulled their moneys out of Mutual Funds, Bonds, RRSPs (in Canada) to invest for themselves in stocks, these same investment firms were making their money by charging investors astronomical fees for transactions. Some online brokerage firms charge as little as $7 per trade. This same transaction would have cost investors $300-$400 just a few years ago. This was money netted by investment brokers. The millions upon millions of transactions afforded these firms the luxury office spaces in the downtown cores. They all drove in Mercedes and Beamers and all wore tailored suits. With the sudden appeal of internet trading which jeopardized their standard of living, these investment firms had to find another source of income. They saw the herd mentality and ignorance of the online "do-it-yourself" investor and decided to exploit it. How easy it is for these firms to release bad reviews on a stock just after they Shorted it. How easy is it for these investment firms to hype and pump a stock just after they acquired the options for cheap. Call me paranoid or call me a conspiracy theorist, but before you do that, simply pause for a moment and reflect on what I just said. Cheers Vince PS - Out of stocks right now.

To: OrionX who wrote (8458)	11/13/2000 9:15:19 AM
From: telecomguy	Respond to of 14638

Good post OrionX. One thing most people forget is that we die-hard long term investors with good understanding of the networking space have one big advantage over the Institutions. TIME. Institutions have to make quarterly numbers look good. Their job depends on it. As result they are much more likely to pull the trigger on short-term issues/perceptions since it doesn't matter if NT comes back strong and regains all it's recent paper losses in a few years. These fund mgrs. don't HAVE few years. So even if deep in their heart, they believe that the Internet infrastructure building is far from over & the Telco sector is not going to dissappear, their PERSONAL interest would prevent them from holding NT. We on the other hand don't have to report to anyone.......so I see an advantage to take advantage of institutional driven dips to further accumulate and bet on the right companies in the Guranteed-To-Grow sector that Networking provides me. No point in railing against the institutions........just profit from it. They do what they are supposed to do....make money for their clients in the short to medium term and preserve their job with the latter being the more important priority!