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Technology Stocks : NEXTEL
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To: Ed Pittman who wrote (6099)5/12/1998 5:19:00 PM
From: Ken Benes  Read Replies (2) of 10227
 
Ed:

The 1/4 point spike at the end was the mm attempting to create the illusion that nextel was gathering strength and closed at the high for the day. That 1/4 spike occurred in the last 5 minutes on a few trades when it would have been all but impossible to sneak a market order and sell at the high for the day.
You are absolute right, if the market tanks tomorrow, nextel will not have the strength to keep todays gains.

Ken
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