NEXTEL Message Board - Msg: 4228583

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Technology Stocks : NEXTEL

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To: PHG who wrote (5873)	4/27/1998 6:04:00 PM
From: Ed Pittman	Read Replies (1) of 10227

phil.. Sorry for not getting back to ya sooner...Anyway over on the Yahoo BB I finally got the info I was looking for and thought was happening. Gordie posted the shorts before the high of 34 was 582,805..Now the shorts are after the gap up high is 22,893,305 With NO follow thru of 34 the shorts loaded up.. The trade on the 31 of March was 37,501,500 shares. The way it gaped up left a window in the chart. And my indicator said a high or low on April 7..So I wasn't about to buy the stock at 34. Now my read for the short term ( for this week ) Remember I was the one that wanted it to drop to 22 and below..It didn't happen..With that, I'm looking for 24 1/2 by thursday.. Does it have to go there? NO.. If it closes over 29.25 then the downside target should not be reach. Sorry I can't help you or anyone on fundamental info..I just don't follow the fundamentals of any stock. Hope this helps, Good luck.. Ed

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