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Peter Chandler Quotes
«We had a lot of catch-up to do because on Monday Nortel was up and was one of the most actives on New York,»
Author: Peter Chandler
«The market now tends to be (thinking): With interest rate rises being behind us, if we've orchestrated a slowdown in the economy, how much of an impact will that slowdown have on corporate profits? Might corporate valuations be at the higher end of expectations? And so we're seeing some selling and softness, in the technology sector in particular, as a result of that,»
Author: Peter Chandler
«You just have so much uncertainty and the one thing the market doesn't like is not knowing, ... We're probably getting closer to a sell-out climax, a washout, that will at least give us a trading rally.»
Author: Peter Chandler
«On a very, very short-term basis, Nortel's stock was exceptionally oversold. Plus there was an article in Barron's that called for tech bounces and talked of a number of stocks that were good value. Nortel was in that handful,»
Author: Peter Chandler
«People are at odds. Most people want to believe that we're in a bottoming process but nobody's prepared to put a whole lot of money out on that assumption. It's a show-me phase: Show me the market has bottomed and I'll join the party,»
Author: Peter Chandler
«The market is giving back some of the gains that it made in the past couple of days. The market is now overbought so we should expect to see it sell off,»
Author: Peter Chandler
«(Techs) are being psychologically driven with the mentality of 'I've got to get out, I've got to have closure', and that's what you usually need for market bottoms,»
Author: Peter Chandler
«Buy on rumor, sell on news, ... The market had discounted it, so as soon as it was news the market sold off.»
Author: Peter Chandler
«Nortel was above C$130 a few weeks ago and went down to around C$95, which was a healthy correction. It gained more than seven points today and the snap back is completely within reason,»
Author: Peter Chandler
«It was a story of two different markets. The U.S. market was flat to nothing, the Canadian market was flying, and it's our darling stocks again -- Northern Telecom and BCE, ... Canadian technology was really what drove the market here. The story continues for Bell and Nortel.»
Author: Peter Chandler