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

To: Bosco who wrote (793)9/17/1998 5:08:00 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
IMO, it is hard to believe bad news could drop price anymore than it already is. Price action today was like an earnings warning.

Ken



To: Bosco who wrote (793)9/17/1998 5:33:00 PM
From: Paul Shread  Read Replies (2) | Respond to of 14638
 
Bosco,

I don't see why BAY's old support points would take precedence over those of an established company three times its size, but I guess anything's possible.

The only possible positive I can see is that sometimes undercutting support is a good thing, because it really shakes out weak positions and thus can be bullish. Let's hope that's what's going on here. For what it's worth, does anyone have the intraday low from January (not the closing low)?

Paul


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