Look Out Below!

The decline of Nortel shares continues to unfold as memories of the company’s annual investor day last month become a distant memory.

With the stock down another 14 cents today to $6.42 in extremely heavy trading, it has now dropped 36% in the past month. Then again, many of Nortel’s peers such as Alcatel, Cisco and Jupiter Networks have been weak performers over the same period.

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  • Bob
    Whats the explaination for the huge volume spike earlier this week?

    Connected to short covering in advance of the debt upgrade that was just annouced?

    Or?
  • anonymous
    2x average volume on the NYSE and almost 5x average volume on the TSE today.
  • Guest
    This is what happened a few month ago when NT released new shares... Is the same thing happening again?
  • observer
    that's some serious funny business...over 22 million shares traded today. Average daily volume on NT at the TSX is 3 million shares.
  • Lurker
    For some reason there's a lot of activity on the Nortel title. Over 21 millions share were traded so far today on the TSX!
    http://moneycentral.msn.com/detail/stock_quote?...
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