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

To: PAUL ROBERTSON who wrote (10785)	6/12/2001 3:30:24 PM
From: James Calladine	Read Replies (1) \| Respond to of 14638

PRICE ACTION: I think NT's recent price action can be read as the market saying: "we expect an earnings warning of a pretty massive kind from NT" If that happens we could see more downside of a serious kind, I think. If it happens, but the warning is not that severe, and it looks like some light not impossibly into the future, the market could be very relieved, and there could be good upside, even though a warning had taken place. I don't have the sense that there is any finite bottom yet. Namaste! Jim