Peter Chandler
Peter Chandler
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,
bound goes pulling stocks surprising thinking time
What goes up will come down. Thinking about how much they've come up, these things are bound to see some profit-taking from time to time. It's not surprising that some of these stocks are pulling back a little bit.
again bell canadian continues darling drove flat market northern stocks technology
It was a story of two different markets. The U.S. market was flat to nothing, the Canadian market was flying, and it's our darling stocks again -- Northern Telecom and BCE. Canadian technology was really what drove the market here. The story continues for Bell and Nortel.
general recovery stocks technology
Nortel is benefiting from a general recovery in the technology stocks in the U.S. as well.
basis broken everybody maybe microsoft monday stocks tech tuesday upside
Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.
area close concern finished focusing last market poor prospects selling stocks tech technology took week widespread
The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
beyond bump earnings focus looking market months recovery several short starts surely term until
We're just about through the earnings season. We have to go through this bump and grind. I think it will probably be like this for several months yet to come, until the market starts to focus on looking beyond the short term to the recovery that surely will follow.
call days definitive dog economic market sign sitting waiting
We're in what I call the dog days of August. It's quiet, it's slow. Most market participants are sitting on the sidelines, waiting for some definitive sign from the economic numbers.
bounce bouncing environment seeing selling soon
We're in a bouncing environment and as soon as you get any kind of bounce they're selling into the bounce, and that's what we're seeing here.
earning earnings midst pleasant
We're still in the midst of a new earning season. There's probably going to be more disappointment in earnings than pleasant surprises.
bias market selective
We're still a market that's correcting, that's going to be awfully selective and there's still a bias to the downside.
base dollar fact higher levels low metals prices relative sector seeing strength trading
We're seeing relative strength in (metals and minerals). There are a lot of base commodities prices that are trading at higher levels right now. The fact that the (Canadian) dollar is as low as it is has made our metals sector more competitive than they would at higher levels.
action board continue environment favorable federal indicative reserve
We've got favorable action from the Federal Reserve Board again, indicative that they are going to continue to aggressively ease. So that's a favorable environment for stocks,
acted canadian market pockets seen strength
We've seen pockets of strength in the Canadian markets, so the Canadian market actually acted a lot better than the U.S. market did as a whole.