I'm on the verge of buying Nortel stocks, but at the price now I'm not so sure. For the past few weeks its been hovering around the 4.20's and below range. Should I buy now or wait till it hits below 4?? I'm not so sure, however I do think its at a reasonable price now. Although I'm worried that if I don't buy now it'll increase because the company already came clean with the financial results. What do you think??
Almost buying Nortel.............
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Nortel Value
It will take decades before Nortel stock shows any significant appreciation.
I have friends that bought at $60 in hopes it would return to $100. They then bought at $25 in hopes it would return to $60. I only know one person who made money on Nortel and she bought it at 75 cents.
Just my 2 cents.
It will take decades before Nortel stock shows any significant appreciation.
I have friends that bought at $60 in hopes it would return to $100. They then bought at $25 in hopes it would return to $60. I only know one person who made money on Nortel and she bought it at 75 cents.
Just my 2 cents.
If you have extra money, that you don't need right now, and you like to gamble..go ahead.
It is pure specualtion at this point. There is a 50/50 either way IMHO
It is pure specualtion at this point. There is a 50/50 either way IMHO
I was not speculating on a long term investment. The stock has been dropping on bad news for quiet a while now.danmand said:Consider how many shares there are outstanding, I believe it is around 3-4billion. To support a share price of $4 with a P/E of 20, the company will need to earn $800 million.
At best you specualte that if the news turns a little more positive, that there might be a few $$ bounce upward. On which you could make a few quick bucks. Like i said it is pure speculation.
A P/E of 20 is not bad for the high tech sector.
How sure are u that it'll drop to around $2.50 or so?? It was only a few months ago that it was in the $3 range..........and now that they're starting to come clean about their actual numbers, the price would increase even if they're operating at a loss. The fact of the matter is that stakeholders only care (for now) that they are truthful, down the road if they continue making less-satisfactory $$$'s, then the price will drop.......so I guess its good to buy now?? or wait later in hopes Nortel will not perform well??JPsoHot said:Alot of good tips from all in this thread.
I would wait till it drops, wich it will and get it at 2 or 2.50.
I am sure there's gonna be some news in the new year that will make this thing pop to 5 or 6bucks maybe even 10 bucks FOR NO REASON other than people inflating it by chasing it.
Thats when you dump a bunch and pocket the money.
All in all Nortel is in a rut along with many of the same companies that produce the same product and services.
I also agree with many that it may never be back up over 40 or 50 bucks again.
Good luck!
If you want something long term try some Cognos stock. Its a super company that out performs every quarter.
The translation of broker recommendations are:billybobjoesue said:7 analysts say hold
3 say buy
4 said sell...
I'd buy
Strong buy : Buy
Buy : Hold
Hold : Sell
Sell : Dump at any cost
Be aware that only 50% of capital gains are taxed. [/B][/QUOTE]
So if I have 1000 shares and comissions is $60 (30 to buy and 30 to sell)....that leaves me with $740 net...........at half: $370 will be taxed....whad does this mean?
*** I missed out on taking the taxes course back in school, which I should've because it wasn't a required course for the program.
So if I have 1000 shares and comissions is $60 (30 to buy and 30 to sell)....that leaves me with $740 net...........at half: $370 will be taxed....whad does this mean?
*** I missed out on taking the taxes course back in school, which I should've because it wasn't a required course for the program.
short said:Be aware that only 50% of capital gains are taxed.
So if I have 1000 shares and comissions is $60 (30 to buy and 30 to sell)....that leaves me with $740 net...........at half: $370 will be taxed....whad does this mean?
*** I missed out on taking the taxes course back in school, which I should've because it wasn't a required course for the program. [/B][/QUOTE]
$30!!!! for commission...yikes. i pay $9.99 US per trade
Yet another example of US superiority!langeweile said:$30!!!! for commission...yikes. i pay $9.99 US per trade
Re: Nortel Value
Doesn't prove much other then people you know aren't too smart when it comes to the market.earl said:It will take decades before Nortel stock shows any significant appreciation.
I have friends that bought at $60 in hopes it would return to $100. They then bought at $25 in hopes it would return to $60. I only know one person who made money on Nortel and she bought it at 75 cents.
Follow the trend , the trend is your friend
It is not what price you pay that determines if you are gonna make a profit. If you buy it on an up trend, you will make money. If you buy it on a down trend(beginners' mistakes), you will loose for sure.
So, identify the trend, use 50-day moving average, 200 moving day average.
The best way to decide the entry point is to follow the stock daily. Wait until it forms a base. When it breaks out on higher than average volumne, jump in. Get out when the volumn begin to think and the price goes sideways.
I bought Nortel @ 2.00, 4.00 and 7.00. Sold them all at 9.5.
One mroe thing, when the company is receovering, it makes a small profit. The PE ratio tends to be high. I don't pay a damn about P/E ratio. I have playing this game long enough to know that it means nothing. It all depends how much the market is willing to pay.
It is not what price you pay that determines if you are gonna make a profit. If you buy it on an up trend, you will make money. If you buy it on a down trend(beginners' mistakes), you will loose for sure.
So, identify the trend, use 50-day moving average, 200 moving day average.
The best way to decide the entry point is to follow the stock daily. Wait until it forms a base. When it breaks out on higher than average volumne, jump in. Get out when the volumn begin to think and the price goes sideways.
I bought Nortel @ 2.00, 4.00 and 7.00. Sold them all at 9.5.
One mroe thing, when the company is receovering, it makes a small profit. The PE ratio tends to be high. I don't pay a damn about P/E ratio. I have playing this game long enough to know that it means nothing. It all depends how much the market is willing to pay.
short:So if I have 1000 shares and comissions is $60 (30 to buy and 30 to sell)....that leaves me with $740 net...........at half: $370 will be taxed....whad does this mean?
It means you'll pay tax on $370 at your personal taxation rate. That is:
if you are in 25% tax bracket, tax on $740 net capital gains will be $92.50;
if you are in 33% tax bracket, your tax on $740 net capital gains will be $123.33;
if you are in 50% tax bracket, your tax on $740 net capital gains will be $185.00;
.......... and so on......
I recently bought Nortel call options Jan 07 4.00 call. Bought 100 contracts or option to purchase 10000 shares at $4. Paid $1.70.
It is speculative but the options have two years to run and I will be in the money if Nortel goes up even a little bit.
Just a suggestion.
It is speculative but the options have two years to run and I will be in the money if Nortel goes up even a little bit.
Just a suggestion.
