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Technology Stocks : NEXTEL

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To: fma who wrote (5718)4/18/1998 10:31:00 AM
From: Ken Benes   of 10227
 
fma:

Selling is perfectly understandable. It has been stated many times, nextel is a wonderful story and will likely make a lot of people a great deal of money in the future. Unfortunately, at the moment, the huge amount of debt appears to have smothered the momentum of the stock. This is probably due to the very high valuations we see in the market. Should a correction appear, leveraged plays like nextel, will match or exceed the percentages of the correction. If you do not have the risk tolerance or the trading adroitness for these swings, you are probably better moving to the sidelines.

Ken
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