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

To: Lerxst who wrote (2750)	5/21/1999 5:03:00 PM
From: Paul Fine	Read Replies (2) \| Respond to of 14638

What a week for NT!! Bust out of our post-Conf Call trading range after only 3 weeks(although within my original range of 2-4 weeks) and move up 10% for the week. Let's see; on an annualized basis, we should be at about $240 by the end of the millenium!! Heck, I remember when old SNPX moved 600% from 4/92-5/93($20-$125). I could buy a GOOD bottle of champagne to bring in the Millenium if that happened again with NT. I am out of the predicting business for a while. This puppy has moved up quicker than I expected while it's competition has moved down slightly. Are the PE's finally coming into convergence? For now, I am going to enjoy the ride, knowing full well that there will be some profit-taking bumps in the road along the way. Keep the faith and look past the next footsteps; the trail is a long one with many bright spots along the way. Best to all for the weekend; enjoy it- we have earned it. Paul