Nortel Networks Corp (USA) (NYSE:NT.DL)

Gumfactor (39.56) Submitted: 7/17/2008 12:21:13 PM : Start Price: $6.79 NT.DL Score: -62.01

This is my second run in NT in the past few months. First time I took it from $8.00 to $10.00, got out, and watched from the sidelines as it dropped back down to $6.50. This time I'm picking it up around $6.75, and am *hoping* that I can ride it until at least $8.00, and maybe higher. Personally I think that NT is going to make a modest comeback in the next few years. Not to the point where it's a leader in its field...but enough so that somebody who picks up some of its absolutely decimated stock should come out ahead. But at the moment, after the drop from $10.00-->$6.50, I'm just looking for a month-long swing trade. As long as the stock doesn't falter at $7.00, I think I'm good.