KINGKONG

Despite Recent Woes, Nortel Opens New Office in Nigeria

INTERESTINGLY ENOUGH, GUESS WHAT? THERE ARE OVER 40 MIILLION SHARE SHORT ON NORTEL. THIS IS A VERY BULLISH SIGN ON THIS STOCK BCS THE STOCK PRICE WILL GO UP 50% A DAY FOR A FEW DAY BEFORE THE SHORT COVER ALL THEIR POSITION.

NORTEL WILL HAVE POSITIVE EARNING IN THE NEXT FEW QUARTER BCS OF LAYOFF AND COST CUTTING. NORTEL SHOULD EARN AROUND 25 CENTS TO 30 CENTS IN 2009 AND 50 CENTS IN 2010. SO IF SOMEONE SAID THIS STOCK WILL GO TO ZERO, HE IS JUST NOT QUALIFY TO DO THE ANALYSIS.