The view, however, should be long term. Rapid growth such as we have seen in the past couple of years is probably not sustainable. The president of Nortel has been quoted as saying that they will grow at 30 percent a year. Thirty percent is a respectable number. The rapid changes in technology, and the sometimes unexpected sources of new ideas mean that traditional business models are likely going to be more difficult to follow.
Companies have to be able to reinvent themselves as technologies change.
My NestEgg Investment Club put an order in on Thursday morning. A reason to dump your Nortel stock now would be to use the capital loss to offset capital gains you may have had this year. If you do that, you cannot buy it back for 30 days or the loss will be disqualified for tax purposes. You can in our Columnist newsgroup. Join the discussion now .