NEXTEL Message Board - Msg: 4359354

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Technology Stocks : NEXTEL

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To: Daniel Goncharoff who wrote (5956)	5/7/1998 1:51:00 AM
From: Ed Pittman	Read Replies (4) of 10227

Dianiel I also like Nextel...But, if you did read 150 post then you would of seen my date of April 7th as a top..And since then the stock has dropped from 34 to the present price..Since I didn't go short, I see no reason to buy the stock at this time. Nextel corrected the move with a 50 % retracement to 28 now we are doing the market dip.. After this I may take a position..But, my upside is no where near the upside that is talked about on this BB. There is massive over head resistance...People just wanting to get even. This will not be a walk in the park..By the time Nextel works off this resistance, we should be ready for a correction instead of these little dips. Its still is a good trading stock. If you look at a chart, you will see a window, that window is the gap up on the S&P news..That window is sucking this stock down.. Watch the vol. that is the key.. Good luck Ed

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