NEXTEL Message Board - Msg: 3429210

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Technology Stocks : NEXTEL

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To: Ed Pittman who wrote (4655)	2/13/1998 6:04:00 PM
From: Ken Benes	Read Replies (2) of 10227

Ed: I have been watching the tick by tick action in nextel for the past week and I have to say, this stock is getting ready to break. I have never seen such a tight trading range, and everytime the stock breaks toward 26, the buyers are lined up, while there has not been enough volume to propel the stock over 27 either. The upper and lower lines of the bolanger bands are now converging towards each other with the medium band equal to the 50 day moving average of just below 26. To me it looks as if we can be within days to a few weeks of a breakout. I have also met one of the subcontractors who builds the Nextel transmissions sites in and around New York City and in his words, the expansion of sites is increasing. I am hoping that the markets opened mixed on Tuesday with nxtl trading down towards the 26 range for another buying opportunity. I was hoping for the 50ma but it does not look like it is going to happen. Ken

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