Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: bigbuk who wrote (47826)	2/17/2001 1:51:54 PM
From: Rocket Red	Read Replies (1) \| Respond to of 62347

The High Flying days are over as Most Investors getting Burned Day after Day.When the longs get cleaned out of there cash there be some jumping going on. Cheers PS Shorts are cleaning house.

To: bigbuk who wrote (47826)	2/17/2001 6:35:49 PM
From: couldawoulda	Read Replies (1) \| Respond to of 62347

bigbuk - "NT has shysted many and will get more yet as the faithful longs have no choice but to average down" - Can't agree with you on this one as the obvious argument to the contrary would be that people make their own decisions when it comes to investing. As far as NT pulling the wool over everyone's eyes, they clearly did not foresee how bad the economy was/is - Roth even bought 26,000 shares on Feb. 5 at 53 Canadian. I have no problem with averaging down on this, and with the long term in mind, I consider it somewhat a gift. Naive thinking? I don't think so as "several years" for me is not an appropriate time frame with respect to buying and holding. With that said, someone in his or her sixties or seventies may think otherwise, but then they would be taking a very high risk gamble by including it in their portfolio anyway. GIC's would be ripe for that age group. I remember back in Oct./Nov. when JDS reported their earnings, and again their CEO pounded the table declaring that enormous earnings and growth are visible two to three years out. As you know, they warned last week. Clearly this economy has stagnated virtually overnight although some signs were there to mark the looming down trend. And it's not like this hasn't happened before. I firmly believe that daytrading over the past few years was absolutely necessary as stocks traded at extreme valuations, and the simple strategy of buying & holding wasn't going to work as you would be buying into stocks at levels that couldn't be supported going forward. Just about everything in life has some sort of cyclical trend to it - with respect to the markets, the terminology buy low & sell high makes absolute perfect sense. So here we are presented with a company struggling in an economy that is struggling perhaps even more. Buying into it now wouldn't be the most inane thing to do by any stretch of the imagination, especially if you have every intention of watching Nortel grow in decades, and not years. NT to 20 this year - who cares? NT to 40 this year - umm, who cares? NT to 50 or more this year - lets see.... who cares? NT very broken now - you get the point. I've been very lucky to escape most of the carnage to date. This is the time - over the next several months - to roll up your sleeves and do some serious due dilligence (when's the last time we heard of that term?), and pick companies that you see prospering years down the road. NT for all intents and purposes is one of them. Watch what they do with respect to full motion video over the internet for one. Growth for them is endless, provided they make the right steps. They have been thus far and I can't complain (although the Bay Networks purchase was a debacle). Happy investing!