Bullish on Nortel Networks Corp.

Posted on November 10, 2005 , filed under Stocks | Print This Post

NT, Nortel Networks Corp. is one of my top picks. I would use the recent pullback in NT as an opportunity to purchase shares of the company. NT has dropped on the heels of an upgrade from Hold to Buy, and a raised price target of $3.50 to $4.50 from TD. Here is my revised analysis of NT, posted on October 11th, 2005.

Symbol: NT, Nortel Networks Corporation

Intelligent Investor Strength: 9
Chart Strength: 5
Speculation and Greed Strength: 10

RawGreed Strength Rating: 8.5

Revised Target Buy Price: under $3.20
Target Sell price: $5 within 6-12 months, $7-8 within 1-2 years.

*Disclaimer: I own 9000 shares of NT purchased at an average price of $2.58.

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