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

To: Ed Pittman who wrote (6099)5/12/1998 5:19:00 PM
From: Ken Benes  Read Replies (2) | Respond to of 10227
 
Ed:

The 1/4 point spike at the end was the mm attempting to create the illusion that nextel was gathering strength and closed at the high for the day. That 1/4 spike occurred in the last 5 minutes on a few trades when it would have been all but impossible to sneak a market order and sell at the high for the day.
You are absolute right, if the market tanks tomorrow, nextel will not have the strength to keep todays gains.

Ken



To: Ed Pittman who wrote (6099)5/12/1998 5:59:00 PM
From: Bernie Diamond  Respond to of 10227
 
Ed, I agree today wasn't a short squeeze. No volume and no good news to cause them to panic. Just good ole profit taking before the big event. Tomorrow should be an interesting trading day.

Continued success....

Bernie, who hasn't sold a'one yet.


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