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Technology Stocks : NEXTEL

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To: benchpress550 who wrote (9883)7/17/2002 5:09:29 PM
From: im a survivor  Read Replies (1) of 10227
 
<<Pump and dump>>

LOL...after such a glowing earnings report? I dont think so.....more then likely, a combination of profit taking and shorts jumping in.....lets not forget this stock is up like 250% in just the last week......many people are scared and are taking their profits and running nowadays......others see a 250% rise and know it's ripe for a drop off and take the short side, the same way when smemthing tanks bigtime and then gets a snap back bounce, even if it's short lived.....I have no idea what nxtl does short term, but that was a very glowing report....and I am very thrilled to see they are retiring some of their debt with their newfound excellent earnings.....I dont know what happens short term, but I would not want to be short somethng that performed so well in a bear market and bloodbath for telcoms....look how well nextel did under those circumstances.......I'd rather be long then short with their performance and current price and valuation......hey, and if they take it back to $3 and below, I'll gladly buy more of this finely executing company....
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