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

To: Ed Pittman who wrote (3407)	12/3/1997 12:05:00 AM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

Ed, my post re your bearish stance over the last 9 months was 3369, not 3404, in case someone wonders what we're talking about. The reason I took your first post is because your position has always been bearish on NXTL's price, from your very first post. And, by the way, it was easy to find thanks to SI's nifty system. The words changed but your inclination whether to buy or not to buy never did change. Now it happens that you continued your bearish stance as the stock climbed from 13 to 32, awaiting a pullback until it finally happened at 32. We all knew that NXTL couldn't continue up in a straight line so it was reasonable that if you persisted in your position you would eventually be right. At 32 I thought we had a chance at 35. Time proved me wrong. But today is a red letter as you now have a starter position. You have seen the light!!!! :-) I don't look at 5 minute charts so I'm not sure how that works when building a long term position. But I do know that on a daily chart the stock seems to be building a bullish triangle since the day after the October crash. If you look at a weekly chart back to '92, you'll see some interesting history that I think is reoccuring now. I believe I mentioned this once before but here it is again. The pattern from the lows in mid '92 to the top in 1/93 to the completion of the consolidation in 6/93 is happening again. Check it out and you'll see what I mean. Another thought: NXTL has had a tendency to bottom in Jan-Feb and peak in Jun-Jul. Like all tendencies, it doesn't always work out that way but the seasonal tendency is there nonetheless. Arnie