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Technology Stocks : NEXTLINK Communications, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frank Wechsler who wrote (91)	12/29/1998 4:09:00 PM
From: TheMotoMan	Read Replies (1) \| Respond to of 265

Hi Frank- I am getting killed in NXTL but have been holding on. I am long both NXTL and NXLK. Technically (using my limited experience), it looks as though we had hit a bottom just under 24. It has been flat for about 2 weeks now. With the exception of the OCT correction, it appears that just below 24 has a lot of support! It will be interesting to see if we can break 30 before earnings are released. If so, we may see this thing testing 34 by the time Q1 earnings are released. I expect a lot of resistance at 34 and don't expect us to get through it without a lot of good news. Finally, if we get through 34, then who know were it will stop! My take on todays action is that we have seen the end of tax loss selling. Also, I'm expecting the same type of performance with NXTL after we get to the first of the year. The volume was great. I'm expecting similar action tomorrow, as the momentum folks start buying in. Just my two cents. I'm going to call NXLK IR to get CC info. Has anyone else already done this? If so, please pass it on so I can save a dime. Thanks!