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Technology Stocks : NEXTEL
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To: Al Gutkin who wrote (7635)9/11/1998 11:01:00 AM
From: Ken Benes  Read Replies (1) of 10227
 
Al:

I am still very much into charting. Owning stocks without using the references of charts is like driving at night without headlights. Those charts are telling me that nextel has more on the downside, which is supported by the fundamentals of this stock. Heavy leverage very dependent on the building industry. Any scale back in business in this sector will result in reduced arpu, and or possibly a slowing or reduction in add ons. This possibility is so palpable with nextel, that the market has already discounted this eventuality. Unfortunately, any hint by the company that these conditions are in fact emerging, nextel will be at 15 in a heartbeat.

Ken
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