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Technology Stocks : NEXTEL
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To: Ed Pittman who wrote (8243)11/30/1998 10:19:00 AM
From: Ken Benes  Read Replies (2) of 10227
 
Ed:

I saw your post today and sometime this evening I will run the updated data thru my software to verify your wave count. While I am still very much impressed with nextel, (those 1000 units are spectacular and should expand the customer base) I still believe it is one of those bellweather stocks that is signaling its reservation about the strength in the economy and the stock market.
If nextel breakouts to the upside and approaches its old high, I would view that as confirmation of the current euphoria.
Ed, doesn't the action in the internet stocks remind you of the junior golds two years ago just prior to their collapse. It is my opinion that such unbridled speculation has a common end as we have seen many times in the past.

Ken
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