Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sylvester80 who wrote (12959)	6/16/2002 1:51:38 AM
From: John Paquet	Respond to of 14638

Nortel would go higher so long as other like Dow and Nasdaq, or in general market strength. 40% or 100% dilution is no matter, so long as general market does display strength. From this junction, my take is general market would start to display somem strength, so does Nortel. It is too much oversold, I anticipate a general rally would take off starting from this point. Nortel, indeed did display some double bottom pattern, next target is $6.00 and more could be $9.00 And this is NT.TSE, I anticipate this could happen by July 22, 2002 before Alan Greenspan talks to the Congress. Having said all this, bottom fishing any stocks is not an easy task. Once market shows some strength, EPS is not a major mater also. John Paquet