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

To: James Chan who wrote (420)	4/1/1998 8:39:00 PM
From: Winston A. Chin	Read Replies (1) \| Respond to of 14638

Yes a wild ride it was. It seems that since we have reached the high that some analysts predicted would be the high for 1998 and that the stock has run up 36% for the year so far, we had to let the non-believers off and pick up new riders. New riders for the ride to $85. It will be bumpy up to the earnings release on the 21st April/98 and probably for a week after. If the earnings look OK then it will be dragged up by its relative LU up to $85 by the beginning of 4th Q. Trading 800,000 shares at 2:45PM today drove the price down by $4 but it recovered smartly. If anything today's action indicated some support at $60 WAC.