Ed. If you have a chance this weekend, take a look at MOT.
I like the company, the stock was swinging over 2 points a day last week, I think money can be made short term. I bought it at 61 1/4 a few days ago, didn't sell at 62 11/16, which it hit several times, It also touched on 61 1/4 several times. Im holding for 63.
This stock is similar to Nextel, except the trend lines look down, perhaps at the bottom. This baby has been to 90 and it is a very well known entity, as you know, I'm sure. How about a quick opinion?
The math looks like it's in a down trend, but I think it's at a suport level at 61, after all, the 52 week low was 53, so how much risk is it, especially in this bull market.
Nextel, geeze, I hope for the best, probably will go up, but I think the junk bonds are getting all the attention, in additon to the popular favorites, MSFT and Dell. Even the analysts can't figure Dell at 110, overpriced is an understatement. However, maybe Nextel is overpriced at 26. It's obvious that Nextel doesn't care one iota about the stock price, their timing for info releases can't be worse, and that turns me off. I love the concept, but I can't help feeling that Nextel is being operated like a mom and pop company.
Hey, don't get me wrong. I love the product, the concept, the potential, the management just sucks bad, regardless of past success. You know, guys like McCaw don't do crap in a company, they just put up the money and get in the way. When the little guys do a good job, guys like McCaw get the credit. Those idols are fake. We just hope that the good people working for Nextel can get the organization together, sell a quality product, continue with the expansion, inspite of the shortfalls, and be proud of their accomplishments.
It's the little people that make a company successful, Ackerson and McCaw types just get the credit. After saying this, I'll now duck for cover.
over and out |
