NEXTEL Message Board - Msg: 6033032

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Technology Stocks : NEXTEL

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To: Al Gutkin who wrote (7974)	10/15/1998 6:11:00 PM
From: Ken Benes	Read Replies (1) of 10227

Al: The best news of the day, the Fed's reduction of the funds and discount rate by 1/4 point. It clearly demonstrates Greenspans intention to add liquidity to the market. The construction, real estate, and service industry could not have received better news. Hopefully, this will translate, to 15 3/8 being the bottom for nextel. The next positive for nextel will be the stabilization of the South American markets. Congress is on the verge of approving the 18 billion for the imf. This along with major banks reigning in the credit line of the hedge funds should give those markets time to regain their footings. This will provide the next leg of subscriber growth and revenues for nextel. This potential should show up in the technicals for nextel at some point. Currently those technicals have portended the current decline. I am waiting for them to turn. Ken

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