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Technology Stocks : NEXTEL

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To: jimmyo who wrote (5894)4/29/1998 10:13:00 AM
From: Arnie Doolittle  Read Replies (2) of 10227
 
"Jimmyo" the movie? That's one I missed. Circa what era?

Given NXTL's direction every time Al buys the stock, I'd prefer he not buy again soon. Maybe next time his wife ought to buy the stock. Some have said that the stock is dead in the water because of the recent price action. Unless the whole market tanks, I say baloney. I stand by my previous comments that NXTL will peak in late summer, probably August or September before beginning its annual retracement which will bottom sometime in December-early February.

The current NXTL price situation reminds me of this time last year when the stock was bouncing in a channel between 12+ and 16-. This board was full of considerable angst and we still had OJ Didit warning of the end of the world. For those that weren't around then, the stock hinted at a move the last two trading days of May and then began to punch the lights out in June. I've still got all my E tickets and I'm ready for the ride up. Internet stocks, replete with losses and unbridled optimism and with no where near the promise of NXTL, are a hint of what will eventually happen to NXTL's stock price.

Arnie
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