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To: GST who wrote (145709)	8/19/2002 2:21:44 AM
From: H James Morris	Respond to of 164684

Let's talk about Wireless later. Have you ever heard of James Dines, publisher of the Dines letter? The first guy I can remember who called the Internet bull then 3 years later told his subscribers when to sell? I didn't subscribe to his newsletter until the end of 1998. I wish I done it one year earlier. >>James Dines, publisher of the Dines Letter, an investment publication, says the market is still dangerous and only short-term traders should consider the buy side at this time. Part of the reason is that bear markets can fall and to continue to slide longer than most people think. Lower market lows can beget even lower lows, he says. "We simply don't trust this market yet," he says. "A rally is possible, but it will not be for everybody. Some investors may not sell and be caught when the tide goes out again later." << biz.yahoo.com

To: GST who wrote (145709)	8/19/2002 5:44:38 PM
From: H James Morris	Respond to of 164684

Limiting the downside, raising some cash: At the end of July, wireless mogul Craig McCaw sold 8.4 million shares of Reston, Va.-based Nextel Communications in a series of forward sales, which allow the owner to sell for an amount less than the stock's face value. If the stock rises above a preset value in a forward sale, the owner can also receive additional payment or additional stock. McCaw, the Seattle entrepreneur who started McCaw Cellular (now AT&T Wireless), brought Nextel out of bankruptcy in 1995 and owns 22.3 percent of the company. Including the most recent sale, 50.5 percent of McCaw's Nextel stock is subject to such forward-sale agreements and pledge agreements. "This forward-sale approach is a smart way to continue to participate in the upside and limit his downside. It is in no way a reflection upon Craig's belief in the company and his confidence in the management team who he is quite proud of," said Bob Ratliffe, McCaw's spokesman. After the sales, McCaw bought 20,000 shares of Nextel Aug. 2.