Peter Chandler
Peter Chandler
anxiety border both earnings full market south week
This is the first week of full-tilt fourth-quarter earnings both here and south of the border so the market is really full of anxiety and apprehension on that.
above few gained healthy points seven snap today weeks within
Nortel was above C$130 a few weeks ago and went down to around C$95, which was a healthy correction. It gained more than seven points today and the snap back is completely within reason.
general recovery stocks technology
Nortel is benefiting from a general recovery in the technology stocks in the U.S. as well.
bit comfort market money provided pulled sidelines sitting support waiting
I think that provided a little bit of support for the market here. There's a lot of money sitting on the sidelines waiting to go in...The money is there to be pulled into the market once there is a comfort level,
absence fallen frankly good quite saw tech
It is a tech wreck, that's for certain, ... You need capitulation to have good bottom. I didn't see that today. I saw an absence of buyers. Quite frankly there just weren't enough bids. Have we fallen enough here? Probably not.
believe join market money people prepared process
People are at odds. Most people want to believe that we're in a bottoming process but nobody's prepared to put a whole lot of money out on that assumption. It's a show-me phase: Show me the market has bottomed and I'll join the party.
gains good held toronto
It has been a good day for the index. Toronto has held up very well and held its gains better than the Dow or the Nasdaq,
continue expand growth looking ma mother pursue strategy underneath
out from underneath Ma Bell's skirt, able to continue to expand and pursue their growth strategy without having a big mother looking over.
bit looks midst rally
We're in the midst of a rally that probably looks like it will have a bit more legs,
economy economy-and-economics gets market push slowing suspect
If the market gets some more confirmation of the slowing of the economy on Friday, then I suspect the market's got more to push on the upside.
bit earlier giving sensitive side strength weak
But interest-rate sensitive sectors were soft, a bit on the weak side and giving back some of the strength they had earlier in the week.
guess markets systems tone
I guess Cisco systems set the tone for the markets as a whole and everyone just followed,
cyclical good theory type value
There's the whole theory that there's a lot of exceptionally good fundamental value in those old economy, cyclical type stocks.
article good number plus stock stocks talked tech
On a very, very short-term basis, Nortel's stock was exceptionally oversold. Plus there was an article in Barron's that called for tech bounces and talked of a number of stocks that were good value. Nortel was in that handful,