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

To: John Paquet who wrote (11021)7/11/2001 12:19:18 PM
From: Frank Pembleton  Read Replies (1) | Respond to of 14638
 
Then maybe a person should buy IBM or Microsoft? Are you some kind of daredevil countertrend investor? NT just hit a 52 week low this morning, the trend has not been broken.

The possibility of another 40% correction is highly possible, see link I've attached below:

yardeni.com

Reagrds
Frank P.



To: John Paquet who wrote (11021)7/11/2001 12:25:03 PM
From: Dexter Lives On  Read Replies (2) | Respond to of 14638
 
NT.NYSE will be $10 US

If and when that happens I'll reconsider. My point is that new lows will be established before an uptrend begins - there is little (nothing?) to indicate a recovery in the next 9 months. You are the one trying to pick a bottom, not me.


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