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Cush

10/10/02 6:09 PM

#21 RE: Frank Pembleton #20

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