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

To: The Phoenix who wrote (9300)	1/17/2001 11:45:27 PM
From: jack bittner	Read Replies (1) \| Respond to of 14638

those of you familiar with charts know about stocks forming a base from which to build a long term rise. the longer the base, the steeper the eventual rise IF the firm is a solid, strong grower. since nt fell off the cliff from the 60's it has been basing around 32. it looks like the beginning of a long term base. we've heard enough times that this Q's earnings will come in at .26 a share and revs at 8.5 billion. those figures are in the price now. so they'll come in at .28 and about 8.6 billion. the papers will scream "nortel beats estimates and the stock'll run up say 4 points, then settle down and jiggle between 30 and 35 for hopefully about another 6 months. and then something WONDERFUL will happen. something Mr Roth doesn't even know about yet and nt will almost double in the following year or so. how to last through the exhausting perhaps year-long jiggling, and not get knocked when it inevitably dips down into the 20's? own it only for cash. NO MARGIN. own only the amount of stock that lets you sleep even if you see it at 28. With patience you will see it in the 60's and better.