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Technology Stocks : NEXTEL

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To: Al Gutkin who wrote (6067)5/11/1998 7:07:00 PM
From: VLAD  Read Replies (1) of 10227
 
Al,

No solid support until 22. I got burned daytrading Nextel and COMS today--bought both ay what I thought was the bottom only to see a further loss of 3/4 point on Nextel and 5/16ths on coms. Seems like all the big boys were selling or shorting Nextel today--especially Morgan Stanley and Goldman Sacks. When these guys are on the ask the stock only heads south. I was looking for an end of the day rally but seems like all tech stocks which were weak during the day closed at or very near their lows.
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