Nortel is having quite an affect on the exchange. It has broken through its 52-week lows. UBS Warburg today is revising its estimates for the company substantially downwards.
Conor Bill Quotes (3 Quotes)
There was a sense in the last few weeks that we had seen the worst of the bad news, but the Yahoo's announcement made people look again at the tech sector and wonder what more bad news lurks out there.
The bulls and the bears have been slugging it out for the last day or two in the market and I think some of the bulls went home after the morning and the bears are sticking around to pound the stocks.
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