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Technology Stocks : NEXTEL
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To: Arnie Doolittle who wrote (5777)4/22/1998 11:37:00 AM
From: David Kuspa  Read Replies (1) of 10227
 
Arnie, NXTL's either finally turning up or this is one last head fake by market makers hoping to snag some more buyers before heading back down.

I gave the chart another look, and although I only did a quick analysis, it seems that NXTL has a pattern of falling significantly after either new adds or quarterly results. Usually this drop occurs a few days later, often after a short-term run up immediately after the announcements. This recent pullback seems to fit the pattern, although it may have been accelerated by the double announcements and boosts given by the S&P 500 news and the quarterly results. Am I way off base here?

D. Kuspa
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