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Strategies & Market Trends : Moufassa's Lair

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To: Mark Konrad who wrote (4965)2/14/2002 1:37:35 PM
From: Tradelite  Read Replies (2) of 13660
 
Could be wrong, but I assume NXTL price drop was due to its purchase of Chadmoore wireless assets for cash instead of NXTL stock valued at $10 a share. (news story was out a few days ago on this).

Perhaps shorts just piled on after that announcement.
My thoughts only....
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