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

To: Elroy who wrote (10177)	3/7/2001 11:04:38 AM
From: Bosco	Respond to of 14638

Hi all - IMHO, if NT had not been trading rationally in its 52 wk high, why would it be trading rationally in its 52 wk low. These stks overshot on the up side while everyone [including your truly <sg>] was clamoring for more, they could undershoot upon crash landing down to earth. More important, p/e is indeed meaningless if the target is moving. That is why the Street hates uncertainty. 2 Qs ago, when the Street unfairly accused it of missing the revenue target. We all thought it would take 2 Qs for NT to win back the trust. However, IMHO, the psychology has deteriorated further in the latest revelation. A lot of ill will has been created. Business cycle comes and goes, trust is a harder thing to rebuild. JMHO best, Bosco