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Technology Stocks : NEXTEL
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To: BEAR who wrote (8159)11/2/1998 9:19:00 PM
From: Tavros  Read Replies (2) of 10227
 
I have been looking through the news to figure out what caused the move today. For those of you who wonder as well, just look at the Wall Street Journal, and its reference to NXTL, in connection to the reopening of the junk bond market for telecommunications companies.

This will give you an idea of the market's relief (and the corresponding fear) of "unfinished" network due to lack of financing. I must say, if I am right, I am shocked...

Tavros
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