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Technology Stocks : NEXTEL
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To: Ed Pittman who wrote (8038)10/19/1998 6:43:00 PM
From: TheMotoMan  Read Replies (2) of 10227
 
Hi Ed- You say today was a reversal day. If so, what range do you
think NXTL will be trading? I had to sell out my position
(due to a margin call) and am now waiting for the 30 days wash rule
to pass. I have to wait until this next Monday before I can get
back in(sold at 21 after it failed to break far and clear of 23).

I expect that I'm not the only person / institution that was selling
alot lately(inorder to take advantage of the IRS rules). Therefore,
as the 30 days go by all of the sellers will become buyers once
again.

I respect you TA calls. I'm hoping I can get back in under $21.
In fact I would be really shocked to see it above 21 anytime soon.
However, after seeing it bounce off of 16 makes me think we will
be heading North very soon! Is that your take? Or is this just
another "head fake" on its way further South.

Thanks for your take in advance!!!
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