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

To: Martin Goldenberg who wrote (2372)	4/8/1999 6:06:00 PM
From: Bosco	Respond to of 14638

G'day all again, being a worry wart that I am, I'd like to suggest that long time holders restraint their optimism for at least a couple of days OOH, we have a pure white candle with 2x average volume. NT is in full fledge breakout mode. NT is making new high. Fundamentally, even if there is some seasonal weakness here and there, the full spectrum of products are well received. The architecture of Succession network provides absolutely the bang for the buck for many telcos, especially many have taken in a lot of debt [e.g., AT&T $8B bond etc.] to buildout their network and they certainly don't mind saving a buck or two here and there. Finally, as I ve mentioned to Paul awhile back, Nortel Networks is a brand new bleed, not BAY, not Northern Telecom, but the best of both and then some. OTOH, having heap above praises, NT is still the underdog in the eyes of some WSers. I think tomorrow behaviour will be the real telltale sign whether NT really getting some respect or not. In the meantime, party on - but don't get too drunk! best, Bosco