NEXTEL Message Board - Msg: 6022398

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Technology Stocks : NEXTEL

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To: Ed Pittman who wrote (7889)	10/14/1998 11:43:00 PM
From: Jay8088	Read Replies (1) of 10227

Massive correction to downside similar to 1987 (or even 1929) can still happen. The market has been tracing out successive 1-2, 1-2, 1-2 waves to smaller and smaller degrees. We are approaching the moment of truth - like tomorrow. Given the strong support 7400 level has been providing, once that gives, all hell could break lose. That is exactly what happened in 1987, 1929 or Hong Kong in 1997. I am still betting on the crash wave appearing very soon - no later than Friday. Due to extremely risky betting I have undertaken, I am not an objective observer at this point. My perspective is very distorted right now. ( Where is that Greenspan VooDoo doll? ) But it does look like it is going to happen as far as I can see. Anyhow all in all, cash is probably better. I just happened to have bought way too many October puts! :(

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