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No. of Recommendations: 3
I bought 1,000 shares of Nortel in 2002 at $2 per share on the speculation of a company turn-around that I expected to take place over the next three to five years. While the company has made some progress, my return has been poor at best - so far.

... For Nortel to meet my price objective when I bought it, the stock would have to reach $8 by 2007.


Nortel hit your target ($8) on March 1, 2004. Why didn't you sell then? You had a 4-bagger after 2 years, 1 year ahead of schedule.

Don't blame the company for not sticking to your own plan...
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