Quotations
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Irwin Michael Quotes
«Northern Telecom and Bell, which had a nice day yesterday, gave part of it back today.»
Author: Irwin Michael
«Things aren't what they appeared to be. Nortel moved up because of good earnings and that took Bell up. Between them, because they're twins, they moved up smartly.»
Author: Irwin Michael
«Three words: Bell and Nortel. The focus today was on those two.»
Author: Irwin Michael
«People are nervous, they're waiting for the 16th, they're waiting for earnings to come out, and they're hoping there are no surprises. The old adage, 'sell in May and go away' still applies. April was not a good month and today is terrible. It's really become more of a stock pickers' market, people don't want to stick their necks out too far.»
Author: Irwin Michael
«I don't think it's over for these companies, but in the short run I think they were overbought.»
Author: Irwin Michael
«It's a Nortel day. Technically there may be some damage done here and it's really testing people's conviction in Nortel.»
Author: Irwin Michael
«The market was thin and it was nervous. On balance, it was extremely quiet with not a lot of activity. It's disjointed, it's sporadic and if you take Nortel out, it would have been a completely different story.»
Author: Irwin Michael
«There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up.»
Author: Irwin Michael
«The high-tech sector is relatively weak; there's not a lot of conviction. It's lost favor with investors who would in the past see Nortel down a dollar and want to buy. We're not seeing that right now.»
Author: Irwin Michael
«I think the market correction is a slow bleed. It's being nickel-and-dimed to death.»
Author: Irwin Michael