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

To: zebraspot who wrote (9241)	1/15/2001 11:59:58 AM
From: Robert	Read Replies (2) \| Respond to of 14638

"Mid-40's within a week..." If only it were that simple. I have cash on the sidelines, but will wait for guidance. By the way, the $25 target is based on a PE of 25 going forward. That is what you used to pay for a high growth stock. Valuations are still out of whack........However, I agree in principle that buy targets are usually on the weak side.....ie if you are luck enough to find a bargain, you should take it....just as 12 month targets are moonshot goals on the upside....Still, there are concerns.. Robert