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

To: Al Gutkin who wrote (6067)	5/11/1998 5:55:00 PM
From: P.T.Burnem	Respond to of 10227

Someone: Please verify my reading,that there is so support at this level and 23 range may be possible. NXTL has no support level but may establish one sometime before the expiry.

To: Al Gutkin who wrote (6067)	5/11/1998 6:21:00 PM
From: Ed Pittman	Read Replies (1) \| Respond to of 10227

Al.. what is the old saying...picking bottoms can be haz. to your wealth. ED

To: Al Gutkin who wrote (6067)	5/11/1998 7:07:00 PM
From: VLAD	Read Replies (1) \| Respond to of 10227

Al, No solid support until 22. I got burned daytrading Nextel and COMS today--bought both ay what I thought was the bottom only to see a further loss of 3/4 point on Nextel and 5/16ths on coms. Seems like all the big boys were selling or shorting Nextel today--especially Morgan Stanley and Goldman Sacks. When these guys are on the ask the stock only heads south. I was looking for an end of the day rally but seems like all tech stocks which were weak during the day closed at or very near their lows.