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


To: Fishfinder who wrote (13442)10/24/2002 11:15:38 AM
From: prs_driver  Read Replies (1) | Respond to of 14638
 
I’m long on NT and will remain long as I feel that it will appreciate over time.

“Nortel on the chart sat at $40. min for years prior to the tech frenzy.”

Be careful ….. Although NT has enjoyed a high stock price prior to the tech frenzy, this price was based a smaller number of issued shares. Nortel issued many new shares in the past few years to finance many of it now failed ventures.

Myself I’ll be extremely happy to see a price in excess of $3 in a couple of years.

Paul