NEXTEL Message Board - Msg: 8186564

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Technology Stocks : NEXTEL

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To: Arnie Doolittle who wrote (8854)	3/6/1999 6:17:00 PM
From: Ed Pittman	Read Replies (1) of 10227

Arnie: My dad was showing me this pattern in the OEX several weeks ago..Told me it would come to 606 and would not fail..and present a rally to kill the shorts..Well, he was dead on..But, I had to guts to add to my OEX position.. So, I took my profits on the OEX on friday. He says the next rally up will fail..and it will be a bad one..Well, its hard to believe.. So he has a measurement of oEX 650..well thats only 11 points from here with almost 2 weeks to go..So, I think its going to back and fill..Then make that final push in option exp. week..I 'm going to buy puts in the oEX ..and stand aside with my other position.If it does that the S&P down..Then it could set up a nice buy. And cash would be king. Preserving capital is the key. Good luck and I still like Nextel..but was disappointed tthat it didint' make a higher high.. Ed

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