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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6 Comments
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?...
that's some serious funny business…over 22 million shares traded today. Average daily volume on NT at the TSX is 3 million shares.
This is what happened a few month ago when NT released new shares… Is the same thing happening again?
2x average volume on the NYSE and almost 5x average volume on the TSE today.
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?
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?