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Technology Stocks : Next Level Communications Inc. (NXTV) -- Ignore unavailable to you. Want to Upgrade?


To: Hungry Investor who wrote (74)8/29/2000 8:39:50 PM
From: Rob Pierce  Read Replies (1) | Respond to of 131
 
I bought the day that the stock tanked.

Meagerly, though, because it's all the loose cash I had at
the time. If I had more cash I'd probably buy more.

Lehman's comments just doesn't strike me as the telling the
whole story - quite possibly because >he< doesn't have the
whole story.

Kinda like a 10:30 PM event where a 14 year-old kid gets
fatally shot by a police officer, and the TV reporter rushes
to the scene to report on the incident. While the reporter
is correct about the basic event (cop killed teen) it's too
soon after the event to get the >whole< story (kid threat-
ened cop with knife) before the news program fades into
Letterman.

Anyway, the market seems to have discounted out ANY further
sales to Q, and I don't buy that theory. Additionally, the
market (particularly these days) loathes uncertainty, and
NXTV's sitting in a big puddle of it right now. I think ANY
news that NXTV will continue to be a vendor to Q will at a
bare minimum remove the uncertainty, and investors will
relax and re-enter their positions. Thus I think the
downside's minimal, and the upside is good.

Don't know if we'll see 80 or 120 again, but I'll be glad
simply for a post-news bounce. :-)

RP