Hi Michael. About Nortel.
I watched the tape today on Nortel-- it looked weak (to say the least) it's hard to tell though because the markets are so insanely volatile.
Ya. No kidding.
On my old SI thread I used to be careful to warn everybody if I was thinking of throwing more money at Nortel. My reading of (and luck with) Nortel has been that bad.
Oh well. That's life.
It was a rather good day, otherwise.
In the last hour, you could smell the fear in the markets, I thought. Watched a bunch of issues sell off some of the day's gains as investors looked for the door with any profits.
I usually try to stay patient with a call like Nortel.
Tonight I'll examine the chart again, and try to decide whether it's worthwhile holding.
Cush