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Technology Stocks : NextCard, Inc. (NXCD)
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To: helkel who wrote (89)11/22/1999 7:42:00 PM
From: Kip518   of 192
 
helkel, NXCD is likely to be under pressure at least until they price the secondary. A 7 mil secondary announced within a week of a 37 1/2 mil share unlock has proved to be much heavier than a new alliance announcement with BYND. Clearly, AMZN-related move was timed to counter unlock and gave great positioning for insider sales. My TA suggests trend line test at about 26 3/4. If that doesn't hold then next chance to bottom is in mid-23s. I don't see 30 as having much support strength. Good luck.
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