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4 pts

Opinion on  Nortel Networks Corp (NT)     Sector: Technology  >  Industry: Communications Equipment
Nortel Networks (NT)

Apr 18, 2007 07:46 AM GMT
Return Risk
+0.81% HIGH
Tracked Blogger

Fundamental Analysis  
Via short-termtrading.blogspot.com/:  

Nortel Networks declared a dividend on the outstanding Preferred Shares.

 

The stock is developing a long congestion after the down move initiated at the end of February and has not participated in the price recovery of the general market so far. I am inclined to think that the exit from the congestion area will be to the downside as these areas are typically continuation patterns.

 

 





This is a tracking account  [?]   SocialPicks is not affiliated with short-termtrading. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by short-termtrading

NT:  This call was made on 04/18/07 @ $23.73
Rating:   Negative   $23.73 (04/18/07)
Gain/Loss:   +97.22% in 936 days


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Who voted on this idea?
shorttermblog N/A 09/17/2008



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