Is it smart to buy NORTEL STOCKS again?
 

I have a bit of cash on hand that I have put somewhere before I spend it on somethign stupid so I thought maybe Nortel stock.

The 52 week low was 1.17 and now its at 4.44

INFO HERE

Is it smart to get a few stocks (about 10,000 stocks) and hope it reaches $10. Or will it drop again?

no idea.. about NT, but personally, ppl play with this stock...

go for rothmans cigarette ROC. they are stable as hell
or the HSBC toronto. the share stayed 26-28 dollars within a 5 year period. its a safe investment to collect dividends on

Economy seems to be improving.... so its anyone's guess.

Looks like it is on a steady rise. I would buy in at this point I think if I had some money to invest for long term.

I have a bit of cash on hand that I have put somewhere before I spend it on somethign stupid

cough*nortel*cough

I have own NT for a few months.. =) I would say buy it! =)

I myself am a Microsoft type stock liking person. I dunno, been lucky with them I guess.

Another telecom stock worth looking into may be Lucent Tech (LU)
not doing bad at all either:
http://quote.money.cnn.com/quote/quote?symbols=LU

The wise investment is real estate. Unless you catch an acacia type of thing. Bought at 1.58 sold 10k shares at 7ish' Real estate stands the test of time. FHA foreclosures picked up at 60-65% market value with 200$ in paint and some elbow grease will yield 10's of thousands instantly with little or no risk if thought out:2 cents:

Throw half that amount on a test...seems reasonable

u do rehabs? u ever had the chance to do a wrap around on a mortgage?

no doubt foreclosures arecool. but preforeclosures is where the money's at

I think the stock is still undervalued, but I've been tracking it daily for a while and not so sure this is the best time to get in as it seems to have peaked for now. My buddy got NT at .65 and sold out at 2.40 and is kicking himself for not taking the full ride up.

SIRI sirius satelite radio
WNC wabash national
WMAR west marine

im personally vested in those for long term positions and they are all doing awesome

ive been in all three since august and theyve all seen significant gains