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

To: John Paquet who wrote (11030)	7/11/2001 1:04:45 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 14638

Ok, so you don't like the chart and you don't like the macro trend and you don't like the perceived future of all of the traders who make up the psychology of the market. What is it do you like again? Regards Frank P.

To: John Paquet who wrote (11030)	7/11/2001 1:05:12 PM
From: Dexter Lives On	Read Replies (2) \| Respond to of 14638

I'll try to be very clear - I follow telecoms closely and imho, we are not close to a bottom on fundamentals. The charts and their direction, merely confirm that fact. How many more write-offs will nortel have? How badly will margins get squeezed with so much desperation among players in the sector? When will capex return to growth? At best, we only have partial answers to these questions. It's a classic bear market scenario where taking long position risks is met with one consequence alone - getting punished. Been there, done that - thank you very much...