NEXTEL Message Board - Msg: 6456627

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Technology Stocks : NEXTEL

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To: Ed Pittman who wrote (8041)	11/17/1998 6:55:00 PM
From: Ed Pittman	Read Replies (1) of 10227

Well the Fed cut again...But, it should matter if the cut or not..Its time for that breather again.. I thought that Nov. and Dec. would be good months for Nextel and the market. I just thought that Oct. would of stayed down a little more or longer..I was wrong...I was looking for 15 and said how it would arrive gapping down, etc. And I didn't follow my own words... Anyway Nextel is progressing upwards..And doing well if you bought in that 16 range. I'm looking for a pull back to the 18 area..Why? There is a gap there and gaps do get filled.. I had a triangle that has its apex in the end of Dec. and the price range is around 27-28.. That is my target for the next move up.. I'm thinking this pull back will be brief, by the end of this month of Nov. Then blast off.. So, if it pulls back as I think it will, I look to take a position. A lot can happen from now to the end of the month. Not as a long term investor but at least maybe getting off this fence. Good luck to all, This is all guess work as I only deal in the future never in the past. Ed

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