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Once again, thank you so much for your wisdom Marine. You have been a great help to me and others as to how to make money on NT. You obviously know a lot about the stock market. And you know a lot about Nortel.
I have to admit that I haven't followed your advice but I'm sure anyone who bought in the last few months are happy with their shares.
Thanks again for taking the time to respond. You're the Man!
Marine, I believe so, but then again that's why I need your expertise and guidance. You have been so right about this stock that I need to learn more from you.
Thanks again my friend!
Marine, I tell you, you're right, this stock has been something else, but then again it reflects the company and what its management has been like. Eventually it always does, doesn't it?
And, yes you're so right, some people did indeed loose their shirts on this stock. I know a lawyer who.... oh, well, never mind, I won't get into that, but you're right, it has been painful for others. Thank God you're OK.
Thanks for your help and guidance once again!
Please allow me to ask more, I'm trying to understand.
Are you saying that because NT has never been this low before it means the Shorts are the cause of this.
BTW regarding selling at this level, for every buyer there is a seller right?
I'm just trying to understand why when the stock doesn't behave well that it's because of the Shorts!
Thanks for your help buddy!
I can'T believe they still have one, that's a disgusting piece of news for shareholders.
Marine, I couldn't agree more.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35018588
stocky, the train didn't depart and the ship didn't leave but there is good news, the stock hasn't lost too much value. IMO it will have the occasional spike here and there but it'll likely say where it is for a while.
The next quarterly report and shareholder meeting should be quite interesting don't you think?
Almost Marine, almost. It still amazes me that we now measure the progression of this once-mighty stock in hundredth of a penny. Simple unbelievable!
One must feel bad for the investors who got in in November and December thinking it can't go lower. I really feel bad for them.
BTW any news from the Canadian government? That could give a good boost for the traders to cash in.
This is moving very slowly realtruth, you may have to settle for a very small car.
Best to you!
Pizz, the jiggy express didn't get too jiggy I believe. Is there new stuff that came out and that I missed that stopped the jiggy from going express?
Thanks in advance.
Marine, Please help me. I'm trying to find out how you can determine that the Shorts cause the down days. Any info would be helpful.
hello stocky, I just got back, how was the volume of trades today, I don't have the data, please tell me.
From the stock price I gather the ship has not left yet.
Who are the "tax experts" btw?
MARINE, it will indeed help Nortel, not the stock though IMO.
RHINO, for any $80,000 buy there was an $80,000 sell....
realtruth, I don't know too much about what you may know about NT (the stock, not the company) but please tell us what the "buzz" is. Is it the same "buzz" we were all expecting in December?
I am really starting to think that this stock will not be a "10-bagger" from $0.80 after all.... but heck, that's just me.
On the other hand, I must admit this, one never know with NT (in this case, the stock AND the company).
I wish you the best no matter what, you sure deserve it.
bmc, you'll get your wish, I'm heading back out at midnight. I only wish it was a vacation.
See you in a week or a month or a year!
Armani, volume was picking up two weeks ago, a month ago, a year ago, 5 years ago..... now, let's look at what happened then.....
History doesn't lie...
Armani, I'm not a basher, I just bring up another opinion. What do you want, a board that only allows good and positive news? That's not financially healthy, look at the historical chart of this stock, forget the company, look at the stock. Who has been right since "2004" as you say? This stock is going nowhere long-term.
I do admire the traders who will make money out of it but that's a dangerous game.
I do not admire the people who will only post unjustified unreliable potential possible scenarios.
IMO one needs a reality check if one only find positive posts to be "good post".
All in good time.... it has proven to be true so far for so many years with this stock....
You mean $5 and $10 is out of the picture?
Not sure what you're referring to!?!?!
realtruth, negative news were supposed to be over in December weren't they? And now the next Q earning report is coming, you think it will be good news?
bbb, I think we'll see a new bottom when the earning report comes out.
The company will NOT go away, but the stock will.
rainbow, that means nothing. That is the same type of data that has been posted all the way from $100 pre-RS to .08 post-RS.
Nortel will survive, the stock as is today will not. There's a reason why it is at .08 today.
You have to chose what to believe in what you read. But the historical charts do not lie!
Therealtruth, I agree that some posters have been bashing this stock for years but then again let's look at the historical chart for those same years, you have to agree they have been right!
sidedraft, If they announced the brankuptcy now it can only be because the last Q results are simply horrible and January is shaping up even worse.
Whatever the stock may gain short-term it will be erased with the next earning announcement.
Rhino, Reality is what brought this stock from $100 pre-RS to .08 Post-RS.
Hmmm, interesting, but why .06?
Thanks Marine, that's what I was looking for.
After all it looks like I wasn't the so-called "only one" who kept mentioning the bankruptcy possibility. It looks like Nortel was working on it all along.
To be honest, IMO it does make sense for them to do so right now.
therealtruth, Shorts don't need to cover if the stock goes to $0.
I'm not sure what war you're referring to? All I see is that "they" have won every battle from $100.00 (Pre-reverse-split) to $0.08 (post-reverse-split).
I think we've seen the BOMB don't you think? There won't be a buyout or hostile takeover IMHO. Why would anyone attempt that right now?
Hostile takeover? Why takeover a company they'll be able to get for practically nothing later on.
Yes, and?
We're talking about Nortel here, that won't change anything other than give large shareholders a last chance to bail out.
That's also what people said in December. Good news were supposed to come out in January.
Keep in mind every penny lost on this stock from now on is a 12% lost!
Canada will make sure Nortel survives, but they'll do nothing for the shareholders. Nortel will re-emerge in another way and will survive I'm sure of that, but the shareholders will lose everything.
therealtruth, have you changed your target of $5? Or your selling price of $10? Just curious to find out about your trading plan?
Whoever sold those shares to you is even happier I'm sure!
You were right, the market now knows all about the Bankruptcy. They'll drive this one to the ground.
I hear it may get delisted from the Toronto Exchange, can anyone confirm this?