New "Pennies to Dollars" quick pick.

Nortel Networks is the new "Pennies to Dollars" stock pick.

Nortel just filed for court-supervised restructuring under the CCAA.
(Canada's Companies' Creditors Arrangement Act), not bankruptcy. (SEE
STORY BELOW)



Canada government pledges to help rescue Nortel:

http://www.reuters.com/article/marketsNews/idCAN1446286920090114?
rpc=44



Taken from the headline:

"It is important to note that Nortel is filing for court-supervised
restructuring under the CCAA (Canada's Companies' Creditors
Arrangement Act), not bankruptcy. Nortel has stated that it has every
intention of emerging from this restructuring under the CCAA as a
viable business."


NRTLQ is a high risk/potentially rewarding stock play.

IF you choose to play NRTLQ choose your entry/exit points carefully.



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imo

pennystocks_rule

Administrator