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


To: Ed Pittman who wrote (3296)11/19/1997 11:04:00 AM
From: Frederick Smart  Read Replies (1) | Respond to of 10227
 
Ed: I don't like to comment too much on price action, but my advice to you would be to forget about micromanaging your position, buy some now and continue to do so on further weakness. Nextel under $30 is still in a "doubters paradice" - one in which there are a lot of "churners", second guessers, those who think they are too early or too late, etc. IMHO, all of this will be put to rest very soon as this stock finally takes off above $30 and then finds support in that range.
This one's for you, Ed - person to person. It's not a general message, for predicting price movement is a suckers game. We are here to support a company with great technology, prospects and a great management.

Ed, you profited from your puts. Now get back in and good luck!



To: Ed Pittman who wrote (3296)11/19/1997 11:58:00 AM
From: Al Gutkin  Read Replies (1) | Respond to of 10227
 
ED: Perhaps we were wrong today, I bought Segate instead, have enough NXTL in this price range.

Regardless of what you hear, keep predicting. There is alot more money to be made trading on the way up, than just sitting. In the end we reach the same position, as buy and hold investors, only we made more and had more fun on the way up. Even had some fun on the way down. This irrigular and emotional market gives late bloomers like me a chance to get in at a bargain price.

Regards:

Always looking for a bargain, Al