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

To: Kenneth E. Phillipps who wrote (9830)	2/16/2001 12:22:45 PM
From: Bosco	Read Replies (1) \| Respond to of 14638

Hi Ken - well, I think your bullishness may have its reward. I ve sold tons of stuff this morning and I am still not out of margin! So, it is my problem. Personally, my reaction to NT mgt is neutral with a negative bias. I mean, I would argue for its integrity when the bear complained it came in at the low end of the optical rev 2 Qs ago as a miss. However, one cannot deny the sentiment amongst mgt at the last earning CC was fairly upbeat. The change is too abrupt. One would think that they would be more careful about information flow since the time they caught flat footed 2 Qs ago. It is hard to imagine all the big clients have decided to retrench simultaneously in the span of 3 weeks. I don't think mgt is out to deceive us outsiders intentionally. However, maybe they are too eager to believe the economy is going to turn w/o doing enough due diligence on their part. This abrupt change of trend really leaves the financial community no moving room but to do the inevitable, i.e., to punish the stk severely. best, Bosco