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: James Chan who wrote (332)	2/27/1998 7:00:00 AM
From: Winston A. Chin	Read Replies (1) \| Respond to of 14638

James, We seem to have passed the double bottom down side test at $40 with flying colours and punched through the $50 on the upside after the second attempt. With the fall off in volume yesterday, coupled with the decent increase, I would say that most of the nay-sayers have been shaken loose of their NT stock, just us and the other hard core holders like us refuse to sell. If it can close above $50 today and pass the next target of $55, then maybe the target $70 by the end of '98 will come to pass. Momentum players will probably jump on and make the price exceed $70 by year end ( as they did in a similar fashion last October/97 when the price ran up to $57). The recent run up in LU should give NT support as the management effectivenes comparison numbers contained in reply #352 bodes well for the future price of NT. I regard the lowered price of NT shares in the last 4-5 months as a windfall to my 401K plan as I am a maxed out contributor to the NT Limited Stock Fund (one of the many we can contribute to). Cheers, WAC