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

To: George A. Roberts who wrote (823)	9/18/1998 12:58:00 PM
From: Paul Shread	Read Replies (2) \| Respond to of 14638

Are you sure your last name isn't Bailey, George? ;-) Seriously, as a cautionary note, margin should be used very, very sparingly, if ever. It's a great way to snowball your losses. I use it only if there's something I really want at a great price and plan to send a check to my broker immediately. Otherwise, I can't afford it. If you do use margin, you should probably only be doing it for short-term trades, and setting 8% stop losses on those. Dangerous stuff. Paul P.S. I still agree with Bosco -- a big part of this is shaking out BAY positions that aren't really sure they want to own NT. We probably won't see much of a rebound until we get a good earnings report in October with positive forward guidance. Hopefully we have found our bottom here.