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

To: Kenneth E. Phillipps who wrote (2277)	3/22/1999 12:11:00 PM
From: Paul Fine	Read Replies (4) \| Respond to of 14638

NT/LU shorts(posted in Yahoo too): For those who missed it, the WSJ reported the monthly short position on Big Board stocks today. Of interest is the fact that the short position for NT and LU increased substantially from 2/15-3/15/99. In fact, LU had the biggest share increase and NT was number 6(up about 8MM and 3MM shares respectively). This would seem to me to be some type of sector call by someone(s) re telecom. NT in particular is still trading within the same range now as it was 2/15(the ever-popular $60, +/- 5%). This certainly can't give the shorts any great solace, since the most they could have shorted NT at during this time is about $63, and we are at $60.50 right now. Can only think folks are setting themselves up for a negative qtrly report in mid-April; otherwise they have very little wriggle-room before their position is under water. The LU shorts at least have a few negative analysts' reports questioning their accounting in the last qtr; no such reports for NT re shortfalls this qtr(other than rev shortfalls in PBX and Enterprise as per the Lehman Bros report last week). Any other insights for this info? Paul