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Technology Stocks : NEXTEL
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To: Arnie Doolittle who wrote (5402)3/31/1998 11:13:00 AM
From: Ken Benes   of 10227
 
Arnie:

It appears that nextel is consolidating a base in the 32.75 range. This will continue until whatever loose stock remaining is drawn out, then the leg up to 36 should continue. This leg should be complete by the announcement of the first quarter add ons which I believe is going to be very close to your original number of 400,000+.
With the resolution to the upside on a stream of very good news, the old high of 55 is almost a certainty before the end of the summer.

Ken
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