To: John Paquet who wrote (52986 ) 8/16/2001 8:19:27 AM From: Vitalsigns Read Replies (2) | Respond to Gotta admit it John, you have been calling the Bull on Nt since it was $18 which is a 42% drop, not a good percentage showing for someone who is consistently trying to tell this board that the stock is going to go higher each and every day. . Q2 GDP numbers are revised on Aug 29 and all indications are that they will be revised down from 0.7% to a Negative number . A recession is officially marked with 2 consecutive negative quarters . As for NT , I see no reason for it not to break $10 now that all the rest of the support levels are broken. I was on the bull side and called the $17 before $10 bet, I was wrong and I did lose a bit of money playing the long side at the $13 range. I have played a few times since successfully on the bounces but I also get out as soon as i make my profit and stand aside knowing it will fall back further. This may hit $8 Cdn sooner than I ever thought possible or even imaginable. There is nothing in the markets these days that will make me think we are not headed lower , much lower in the general markets. We may see a bounce over the next few weeks but that is looking doubtful as well. If it does come, it will be just that, a bounce. As long as the general conditions of the market indexes are down and pointing down, I do not see NT making any big comeback. It will be dragged down harder than the rest because it is perceived as Canadian , no leader , and has Junk Bond rating . These qualities are not what investors look for in times of turmoil. When the markets stabilize, then people will take on more risk.
