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Technology Stocks : NEXTEL

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To: Ed Pittman who wrote (6338)5/26/1998 5:11:00 PM
From: freeus  Read Replies (1) of 10227
 
Yes, Klein said something had to be wrong and he suspected more debt. I dont know if he got burned on WDC as far as his buy in point: but he makes a point of "I sold at the high" "I bought at the low" and so was deflated, I think, that he was telling his clients (and the listening audience, how unforgiving we/they all are) that WDC had dollars up to go and then crash.
I'm feeling a little nervous because this is what happened to me with Compaq: it went down a little, down a little more and then that terrible earnings news and it crashed fairly badly. So it does seem to me that charts dont lie.
But I hope the chart is lying this time since I'm still in Nextel.
Freeus
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