Mike..
I don't know if I would call my self a dour short.<G> I just didn't see the stock going any higher after the 34 top. But, did see a chance that the stock could go down to monthly support. at 15. So, that put me on the fence..I was glued to the fence so long that I missed that chance at 15...And I like the way Nextel is trading so in my eyes..I don't know if 24 will be the last top this year or if we will push up to 28 for that final top in 1998..I have a triangle at 28 and the apex time frame is the last week of Dec. That time frame will be a buy for me, or for me to sit and wait for the correction after 28...Either way, I'm going to jump aboard. I'm looking for a ride to May of 99. And my target is higher than any high posted on a Nextel chart.
I would love to see the market correct, until Jan of 99 that would set up a great buy. But, we have that Christmas rally that always comes, looking us in the eye. Either way, I like what I'm seeing..
Time will tell...
Good luck,
Ed |
