NEXTEL Message Board - Msg: 2910448

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NEXTEL

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mark bailey who wrote (3521)	12/8/1997 6:41:00 PM
From: Jay8088	Read Replies (2) of 10227

The Nextel guru, Ed Pittman convinced me with his technical analysis that NXTL could fall slightly below 20 before this month is over. The reasons may be : selling by McCaw's ex-wife ( can you imagine her tax bill for '97? ) and likes of today's news by AT&T . But the bottomline is that this stock having risen from 12 to 31 is going through a natural correction. The fundamental story behind NXTL is still solid and is being proven out ( e.g. the 3rd Q result ). Having bought in big time at 27 1/2, this is no fun time for me. But in the long term perspective (say 3-5 years ), this is just a blip. I fully agree with Arnie that this stock would exceed 100 eventually. I think things would look better next spring. If you are feeling depressed like me, just remind yourself that you are invested - not in a stock but - in a business headed by Craig McCaw. How often do you get that kind of chance? Or just click your heels and keep repeating to yourself, 'Nextel is a long term investment, nextel is a long term investment, nextel is... etc. '

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next