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

To: OrionX who wrote (11118)	7/17/2001 11:11:02 AM
From: Dexter Lives On	Read Replies (1) \| Respond to of 14638

So the last 3 months is an aberration? The market has been wrong this last while and you and JP averaging down have been right. I stand corrected. <vbg> edit: here's the 3 year chart - you did ok if you sold some time ago - doesn't look like a buy to me... What it does look like is that Nortel's 3 year has a date with Lucent's 3 year. investdb.theglobeandmail.com

To: OrionX who wrote (11118)	7/17/2001 12:48:08 PM
From: Dexter Lives On	Respond to of 14638

Nope, still doesn't look like a buy investdb.theglobeandmail.com Still looks pointed down but I'm sure JP will be along shortly to tell you about the next big rally. Why not wait until the bottom is in and the chart is pointing up? Many (myself included) would have done better with this approach instead of the much-touted averaging in concept, which hasn't worked too well this last couple of years, in case you haven't noticed. What if the slowdown is protracted - why tie up all of your capital in assets that will not appreciate? The sooner you ignore JP and his ilk, and reset your return expectations, the better off you'll be. Value managers have started buying nortel but they are looking out 3-5 years for a double - that's a bit of an eye-opener isn't it? Of course they are taking the credit risk that nortel represents but presumably that's offset by the potential for the company to retake its role as optical leader. Time for a return to sanity?