Comments on: The Nortel story http://blog.canadianbusiness.com/the-nortel-story/ Fri, 20 Nov 2009 07:52:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: John Gan http://blog.canadianbusiness.com/the-nortel-story/comment-page-1/#comment-2471 John Gan Fri, 28 Nov 2008 06:04:24 +0000 http://blog.canadianbusiness.com/?p=430#comment-2471 I had not bought NT on the way up during the tech bubble so was not caught directly except for seeing my XIU drop sharply due to NT's weighting in the index. I began buying and selling NT starting around the time of the 10 for 1 rollback. 80% of the time, I lost money but because I use stops, my losses each time was limited. I have not bought NT since it broke a buck, but will give it one more chance if it goes down further. And if I do buy it, and still lose money, then we can finally put an end to the Nortel story and all of us NT hopeful will finally get to accept the death of the NT fairy tale. John I had not bought NT on the way up during the tech bubble so was not caught directly except for seeing my XIU drop sharply due to NT’s weighting in the index. I began buying and selling NT starting around the time of the 10 for 1 rollback. 80% of the time, I lost money but because I use stops, my losses each time was limited. I have not bought NT since it broke a buck, but will give it one more chance if it goes down further. And if I do buy it, and still lose money, then we can finally put an end to the Nortel story and all of us NT hopeful will finally get to accept the death of the NT fairy tale.

John

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