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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?


To: Roader who wrote (4826)2/24/1998 1:48:00 PM
From: Arnie Doolittle  Read Replies (3) | Respond to of 10227
 
To All:
Here's a conversation I overheard in a local elementary school classroom:

"Ok, boys and girls, sit up straight, get out paper and pen and pay attention. Here's the scoop on NXTL. Oh, wait a minute. Johnny has his hand up. Yes, Johnny, what is it?"
"Uh, I sold my NXTL, some at 23, the rest at 26."
"Yes, I know, Johnny. What's your point?"
"Uh, I want to buy it back at 22."
"Sorry, Johnny, you can't do that."
"Why not, Teach?"
"Higher highs, higher lows."
"Ah, Teach, there you go again talking hocus pocus. You know I don't believe in that stuff."
"Johnny, people used to believe that the world was flat but that didn't change the fact that it's round."
Brriinnggggg! Brriinnggggg!

"Oops, there's the bell, class. See you tomorrow. And don't forget to buy your NXTL before it's too late."

They've got some real smart teachers in the local schools in San Diego, don't you think?

Arnie



To: Roader who wrote (4826)2/24/1998 6:32:00 PM
From: Ken Benes  Read Replies (1) | Respond to of 10227
 
Roader:

We got the 3.5 million shares, but the 27.5 did not hold as the stock sold off at the close on relative moderate volume, most of which were on the buy side. Market makers are working this stock. Part of the move came from the Goldman Sachs recommendation, which underpins the imminent breakout that is very near.
The numbers on the consumer confidence index released today supports the current level of economic activity which is a very favorable environment for nextel.
Something is going to happen with this stock between now and the date of the earnings release(March 6, 1998). 26 - 28 is no mans land for Nextel, we are either going to 32+ or below 26. Everything I see indicates 32+.

Ken