NEXTEL Message Board - Msg: 6419623

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Technology Stocks : NEXTEL

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To: Rono who wrote (8210)	11/14/1998 2:21:00 PM
From: Arnie Doolittle	Read Replies (2) of 10227

Ron, if NXTL was at 35 you wouldn't care one whit whether they released buildout details or any other news except the quarterlies. But you do care and that's because you're worried about your investment return in 1998. So the issue isn't NXTL's IR department or news release; no, the issue is ROI - yours. As to losing $$ on NXTL this year, you had the same opportunity as every other shareholder to sell earlier. So did I. In fact, I saw the weekly MACD begin to roll over earlier this year and I KNEW that we were going to see the stock pull back (but I didn't expect it to come back to the teens). I also saw some other ta things that said "Sell". But I made a conscious decision to hold because I believe in what NXTL is doing and I'm convinced that the stock price will be everything I think it will be in several years. From day one in early 1997, my time horizon was 5 years - that's 2002 according to my calendar. Now some like Ed may say that I was foolish. Maybe I was but I have an investment style and it works for me. Ed has his and it apparently works for him. At yesterday's closing price NXTL has increased 47% since I bought it about 19 months ago. You can do the math and get an annual rate of return. Granted, I'd have a double if I would have sold earlier in the 30's but I didn't. NXTL's IR had nothing to do with my decision nor did it with yours. Ultimately we are each responsible for our own investment decisions but there's a natural human tendency to pat ourselves on the back when things work out and blame someone else when they don't. Over 30 you were congratulating yourself on your investment brilliance; at 18 you were blaming NXTL ir. I don't mean to pour salt into an open wound but there's an IMPORTANT lesson here that can make a huge difference in your future investment decisions if you'll but see it. Wiser men than me say that you should always have a sell price in mind whenever you buy a stock. I do and it hasn't been reached yet. Arnie

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