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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Arnie Doolittle who wrote (2986)	11/2/1997 7:58:00 PM
From: Al Gutkin	Read Replies (2) \| Respond to of 10227

ARNIE: YOUR PRECEEDING POST IS VERY GOOD, HOPE EVERYONE READS IT! Arnie, it was good. Only next time, be sure to give some credit to the other side of the force. Just a little credit, thats all. Two of the best factors for choosing Nextel Communications as your wireless provider are dispatching capabilities and no roaming charges. The limiting factor is that Nextel is more attractive to business that travel out of their local area and that need dispatch. Case in hand: I was, and still am, so excited about Nextel's recent advertising campaign in California, 20% off, that I investigated buying the 5 phones needed to qualify for discount. I am not happy with Pac Bell as a cellular provider. After contacting Nextel, I realized that my secretary doesn't need a phone, my kid won't carry the phone on his belt, my wife doesn't have time to even listen.......I guess I stay with Pac Bell. I really don't need dispatch and the cellular link covers most of the country. Whats my Point? Nextel has a special nitch which limits your population statistics. Discount your projected stock estimate by the reduction in possible sales due to the nitch factor + McCaws personal life being washed in the press + the remote possibility that he wife may dilute the market with stock + sat communication as a distant threat= = adjusted projection for Nextel stock to be $ 90.00 (or less) at company maturity. It won't hit your prior estimate of $ 35.00 this year, to much recent damage has been done. I like Nextel as a company, I am trying to find a way to justify the purchase and be part of the system. I am also very angry at myself for not doing my homework before investing. I am playing with currently needed money, not 401K or pension plan money. I have to think short term. Your post was long, soooooo you get a long one back Al

To: Arnie Doolittle who wrote (2986)	11/2/1997 11:46:00 PM
From: William JH	Read Replies (1) \| Respond to of 10227

Arnie - Perhaps I'm one of those "long term players" who no longer submits prose to the thread that you referred to. I'm still in this stock, just haven't had anything interesting to add. Since you've smoked me out, may I say that I did something with NXTL that no reasonable person would ever do. Back when Craig McGaw paid $25mil for options to buy 25mil shares at 16, and the stock was around 13 to 14, I "backed the truck up" to use one of your expresions. The stock went above 15, and I borrowed against my position and bought a bunch of PITC, plus more NXTL on margin. Then it made a U turn and went back down to as low as 12 7/8. About that time, you and Novice Bob were posting about how wonderful it would be if the stock went lower so you could add to your positions. (That's when I wrote and asked if you guys were running mutual funds or something). I can remember wishing that I had never heard of NXTL. I was very close to a margin call I couldn't meet, but eventually all was well. I have sold enough (north of 29) to get off margin, but I'm sure that no one had a larger % of their net worth in this stock than me. All I've ever known about cellular is that Craig McGaw thought the stock was worth at least $17, and I assumed he knew what he was doing. :)