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


To: Quonnie who wrote (1222)10/8/1998 11:50:00 PM
From: WWS  Read Replies (1) | Respond to of 14638
 
Both Lucent and Cisco turned positive today. If this marks an upturn in the telecom equipment sector, then we should see some near term improvement in NT, because certainly sector factors contributed to our recent decline. The fact that volume was heavy on the month of sell off between August and September, and culminated with extra heavy volume (12 mm) on a gap down day (i.e., the last trading day of September) I read as good signs that most of the damage is behind us.