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Technology Stocks : NEXTEL
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To: Frederick Smart who wrote (5326)3/28/1998 9:30:00 AM
From: Ken Benes  Read Replies (1) of 10227
 
A little extra thought. This past Friday, my three companies were going to switch to the new business network with the 90.00 plan for 700 minutes cell and unlimited DC. It did not happen. Nextel ran out of phone numbers as they have been doing for the past thirty days. I am going to have to wait a bit more, but this is another indication of the explosive growth going on at the moment.
For those looking for 26 because 32 is the natural point of retracement and because it happened last year and once this year, you guys are being impatient, and the structure of the pull back these pasts several weeks is vast different than previous ones. Nextel is retreating on very low volume and IMHO, we are days from a breakout with 32 becoming a point of support instead of resistance. Many of those who are cautious of nextel stock has misinterrupted its movements consistently over the past six months and this pattern is not changing. We shall see.

Ken
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