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Technology Stocks : NEXTEL
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To: Arnie Doolittle who wrote (5580)4/6/1998 7:14:00 PM
From: Kevin F. Spalding   of 10227
 
Arnie,

And anyone else out there. What are your thoughts for NXTL's price in 6-8 months. I'm holding Jan99 25 calls for which I paid 2 9/16 a year ago. Today, they traded at 11 5/8. If Nextel goes to 50 in the fall, these ought to be $25-30. My belief is $45-55 in Sept (which may be the high till around new years). Forecast for a 10-15% pullback in the market in Oct-Nov--You heard it here first.

Thots?

Kevin
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