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

To: Cruiser who wrote (2375)	4/8/1999 11:31:00 PM
From: Paul Lee	Respond to of 14638

elecom Stock Heading North (NT) Monday, April 5, 1999 Shares in global data network giant Northern Telecom (NT) have risen 132% since the October 1998 market bottom, catching the eye of option investor Bernie Schaeffer. He calls attention to the stock's ascending 10-week moving average, which has contained all but one pullback since last October. The stock is now consolidating toward this trendline, and Schaeffer says this means now is "an ideal point to enter this trade." For the past six months, Northern Telecom shares have been outperforming both the S&P 500 and the AMEX Networking Index. Even so, option investors remain bearish on the stock. Schaeffer says that short interest on Northern Telecom rose 35% over the last month, and the stock's short interest ratio is now six times higher than the equity's average daily volume. "Should the shares continue to drive upward, short sellers may be forced to take their positions off the table, effectively adding fuel to the shares' rally," Schaeffer says. Bernie Schaeffer recently recommended buying the January 2000 70 call on Northern Telecom (LOZAN). For more on Bernie Schaeffer's recommendation see "LEAPS Portfolio," April 1999, The Option Advisor. Bernie Schaeffer provides practical options recommendations that are simple to understand and execute. investools.com

To: Cruiser who wrote (2375)	4/9/1999 12:01:00 AM
From: Paul Fine	Read Replies (1) \| Respond to of 14638

Cruiser/Lerxst: It all depends on what the meaning of the word "is" is! You are both correct, I am sure, re the high price for Bay at almost $50 in 11/95. But that, unfortunately, is not my reference point. Since I got Bay stock as a transfer from my SNPX stock, I have to factor in the .725 ratio for my shares(WFLT shareholders need no adjustment since they got Bay 1:1). For me, the high on SNPX was about $128 in 5/93(followed by a 3:1 split in 7/93), giving an adjusted price of just under $42. Doing the math, my Bay price becomes: $42 divided by .725= $58. Now, my NT price therefore becomes: $58 divided by .600= $96+. It is getting kinda late and there is a tornado watch where I am, so maybe I am getting sloppy with my math, but it does appear that the original SNPX shares have another $20 to go yet to be where they were nearly 6 years ago. I've still made a lot of money in this company's stock, but unfortunately, I made nearly all of it from 1/89-5/93. I promise not to dredge up this old stuff anymore. It is too depressing and means nothing to most of the current NT shareholders. That is the problem with getting in on the ground floor of a stock; it sometimes gives you too long a memory. For now, I hope to just enjoy the ride. Paul