NEXTEL Message Board - Msg: 8189211

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Technology Stocks : NEXTEL

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To: Rob Prickett who wrote (8855)	3/7/1999 12:02:00 AM
From: Arnie Doolittle	Read Replies (1) of 10227

Rob, y2k may or may not be a problem for the markets. IMHO the problems on the near term horizon have nothing to do with y2k but you're right that once things start down hill it doesn't take much to keep it going. Since 1990 I've been a believer in the market's ongoing march forward. Recently I've changed my mind and have taken steps to protect myself. There are times when one must focus on capital preservation rather than capital appreciation. For me, that time began last week. I still believe in NXTL's potential and its future success but I don't believe that the greater market is currently conducive to equities investments. Accordingly, I reduced my NXTL position last Monday and further on Wednesday. For now I'm comfortable with my remaining position. Let me say that I may be wrong as my timing record is less than perfect (gross understatement) so my advice to others is to do your own independent research and come to your own conclusions. Peace. Arnie

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