NEXTEL Message Board - Msg: 4089941

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Technology Stocks : NEXTEL

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To: Ed Pittman who wrote (5706)	4/16/1998 5:02:00 PM
From: Ken Benes	Read Replies (1) of 10227

Ed: I do not have trouble with their rates. We switched to a new plan several weeks ago and cut our bill in half. The plan raises most radios to a price of 60.00 per month which should preserve the ARPU numbers. Nextel, recovered what it lost yesterday with a close at 32. It appears to me that nextel will go lower before it goes higher, probably to the 50 day MA. However, I am not convinced of this retracement, it appears that their is a battle going on between those who love nextel and those who shy away from a lot of debt. Which way will the stock settle? The markets overall high valuations and peoples inability to appraise accurately the state of the computer/software/hardware business make me nervous. With the current time span, post April 15, a think there is a substantial amount of risk for a nice correction. This is not the best environment for a highly leverage play. I have moved to the sidelines for the time being. Ken

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