Ed: I sold out on Fri. morn. I'm following my gut now, I'm through fighting my inside knowledge. I'll buy back lower and ride it back up to 27 again.
I just cut out a long paragraph on Nextel's chart flux., why, because most would not care what a daily stock watcher would think.
I just cut out my next paragraph too, it was too negative. Time will tell about Nextel's dream.
I don't have a good feeling for the short term. No jokes, the 2 billion in junk just upset me to no end. Nextel's management, as good as their touted, really underestimated the cost of expansion. If they underestimated the cost of expansion, then they are also wrong on cash flow for 1998, and profit for 1999.
Regards again from
Al, who knows the rules of business.
Rule 1. Never overestimate profits. Rule 2. Never underestimate cash flow requirements. Rule 3. Always come in better than estimates. |
