NEXTEL Message Board - Msg: 4434415

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Technology Stocks : NEXTEL

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To: PHG who wrote (6109)	5/13/1998 12:37:00 AM
From: Ed Pittman	Read Replies (1) of 10227

phil... Controled I don't think so...Was the shorts lucky, no they have control. Remember i was telling you to you should get a move up to 32 to take profits...I did't think they could get it over 32...Well, what happen the S&P story...Gap it up to 34...Well everyone and their brother wanted the stock over 32 and had their orders in.. They saw this and feed it to them...37 million shares 12 to 13 times average vol. The people that bought where momentum players weak hands. The rest of the people fell like dominos. Dried up buying..Everyone that wanted the stock has bought.. The gap up was big enough to drive a truck threw.It was a exhaustion gap..For the shorts to see coming off..I have to see vol...not average vol..but double or triple vol. etc. I don't think it will get down to 22..I certainly hope not. Anyway we should get a move back up in June and July.. I'm going to watch this stock over the next week..I'm headed to Las Vegas and should be back by the weekend.. Sorry for all the bad news..But, it was all to easy to see.. Regards, Ed

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