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Technology Stocks : NEXTEL
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To: freeus who wrote (4600)2/11/1998 4:40:00 PM
From: Arnie Doolittle  Read Replies (1) of 10227
 
"Do you mean at the close or during the day?"

Good question. In NXTL's case, it's both. Generally speaking, the close is more important than the daily range but if you eyeball NXTL's daily chart you'll see exactly what I mean by looking at the daily range. Smart bears see the same thing and I'm sure that they have a hair trigger at this point in time. Here's some food for thought regarding the bearish argument on NXTL: It's based on their perception that NXTL is overvalued relative to its current financial statements. Naturally I think that they need new glasses but that's what makes a market.

Arnie
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