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Technology Stocks : NEXTEL
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To: Ed Pittman who wrote (7768)9/27/1998 11:32:00 PM
From: Jay8088  Read Replies (1) of 10227
 
Ed: Having broken the neck line of a large head and shoulder pattern, I am not positive on NXTL for the short term. Furthermore because I am almost 'crash' bearish due to Elliott Wave reading, I am afraid NXTL may see low teens in a couple of weeks.

CAVIAR: Elliott wave readings tend to be quite subjective. ( However this superbearish view is also Robert Prechter's preferred count. )
I am currently short AMZN and YHOO but look at where they are! So take my bearish view with considerable skepticism.

I think your cash position is the best place to be right now. Far better than shorting internet mania stocks!!!!! Ouch!
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