Here’s a chart of Nortel for Kevin who wrote:
I was wondering if you could do a chart of Nortel? They finally are up to date on their financials and I am looking to get back in. Now that they have numbers to work with to price their stock, do you see any more downside?
I always see downside (and upside). Some unforeseen bad news could crush any stock at any given time. Not to mention that some big seller(s) could just decide to bail for who knows why. If you want in Nortel this looks like a good area to try it. It appears to be starting a new intermediate term uptrend and there are some support areas not too far away under which you could place your stop loss.
