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Technology Stocks : NEXTEL
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To: Al Gutkin who wrote (6079)5/11/1998 9:12:00 PM
From: Ken Benes  Read Replies (2) of 10227
 
Al:

I would have to agree with you, that a move back to 26 might represent an opportunity to get out clean. Adding to nextel's difficulties is the market itself. Today nextel attempted a rally back over 26 in the early afternoon. Then the market started giving up its gains, and nextel led the charge down as it has for the past week. If the market is vulnerable to a correction, nextel with its leverage is not going to buck the trend. Obviously, how low is low. Should 25 not hold Ed may get his nextel stock at 22. If you feel bad, look at Fred, he was averaging down at 30 and was looking at the opportunity of picking up additional stock if the stock broke below 28. In the fullness of time he will prevail, but looking at your holdings loose sizeable amounts of value is not easy.

Ken
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