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


To: George A. Roberts who wrote (684)9/11/1998 12:55:00 PM
From: Bob Howarth  Respond to of 14638
 
Looks like chart for 200 day has completely broken down. Wonder what bad news is around the corner.



To: George A. Roberts who wrote (684)9/11/1998 12:57:00 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
Copied from the Yahoo thread

Message 1871 of 1872
Reply

nt and Brazil
Stat200
Sep 11 1998
12:00PM EDT

From a local newspaper: NT was hurt by concern that Brazil, one of its major new areas
of expansion, may cut infrastructure spending.

How low can the stock go?





To: George A. Roberts who wrote (684)9/11/1998 2:21:00 PM
From: Paul Shread  Read Replies (1) | Respond to of 14638
 
I would be concerned about undercutting 47 support by too much; I believe next support is 41 or so. This is overkill on a great company, especially one that's already promised 20% growth for next year!