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


To: Kenneth E. Phillipps who wrote (714)9/14/1998 5:08:00 PM
From: Doug  Respond to of 14638
 
K.E.P: Gross sales and Net Operating income will be down relatve to previous Q's. However it remains to be seen,if the market will accept the higher P.E because of the growth factor. If so, NT will hold in a tight trading range for 5 mths or so.

I feel a hedge strategy is now in order. Consider selling a Jan C$80 or sell holdings and Buy a Jan C$70 Put.