Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ed Pittman who wrote (3477)	12/6/1997 8:29:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

Ed, it seems that "long term investor" is self defining but as you know, it's not. For some, they're in "for the long haul", as they like to say, because they were originally in for a quick move but unfortunately for them the move was the wrong direction. Thus, they're in until they get even again. (Bad approach, but common as fleas on a dog.) There's another type of "long term investor" who claims loyalty to the death for a stock and then bails out at the first cocktail party hot tip. There have been several of these folks on the NXTL board. Needless to say, unless they're lurkers, they're on to other stocks. For others like Warren Buffet, long term means buy and never sell. Even he violates his own rule at times. Exhibit 1: US Air. For me, long term means 2-3 years minimum but if fundos change I'm not averse to jumping ship. If NXTL runs to 55 next year (which is the all time high), I'll watch it like a hawk, not because I expect the fundos to change but because the stock may be ahead of itself. If I see the stock rolling over, I'll consider selling some or all of my tax deferred holdings. The taxable stuff? I'll defer until we get there. Since NXTL is a startup, there are some special considerations that would not exist in an "ordinary" company and, thus, selling below perceived value 1-3 years hence can be extremely dangerous. The danger is pulling the trigger to buy again. I've been there, done that before, so I speak from experience. I'm convinced that NXTL will hit at least 100 so my serious decision will occur when we're there. As far as the general market is concerned, notice how things changed in October, 1987 and 1997. No slow move down, just sudden plunge time! Big moves seem to happen explosively. Yes, both of those recovered but some future dive may/will not, at least for some multiple of months/years. My point is that a market dive, since it may happen suddenly, won't give much time to make a sell/hold decision. If you're not quick on the trigger, it's hold and pray time. Arnie

To: Ed Pittman who wrote (3477)	12/7/1997 1:54:00 PM
From: Al Gutkin	Read Replies (1) \| Respond to of 10227

Ed: Re: definition of long term investor. A short term investor, and A long term investor can be one in the same. Is someone that likes the company, invests until something catastrophic happens and quits. A blind long term investor, is someone that has blind faith, will ride the stock up up up, then down, to the end. Like investors of Segate and Western Digital. Stock hit 50, and some rode it all the way down. This type of investor can call temselves LONG TERM, but not so smart. This investor does not get to use his or her money wisely. A smart investor, is someone that always computes a buy and sell point, these points change as the stock changes. This type of investor will never get caught with his or her pants down enough to expose private parts. Emotion does not play a part in this type of investing, except, the emotion of likeing the company that they are investing in. Regards: rained out, Al

To: Ed Pittman who wrote (3477)	12/7/1997 3:39:00 PM
From: freeus	Read Replies (1) \| Respond to of 10227

what is a long term investor? Warren Buffet. So the question is not what is a long term investor. The question really is is Nextel a long term investment? Since I am impulsive, emotional and totally erratic I am not a good long term investor if I am watching. For some reason (maybe Jerry Klein) I have not sold any of my 1000 shares of nextel (I was so proud of those last 300 that I bought at 30 remember???) Instead I sold Dell, another long term investment and it promptly went up while nextel went down. ????????? O Neill says when you have a gain dont ever allow it to become a loss. Maybe that would be a good policy to follow: if Nextel goes to 40 or 50, instead of waiting for 100 (or 1000) take some profit, keep the rest. If it then starts down, sell it all and wait. Maybe when it bottoms out and starts up again you'd want to buy more. I dont know, what do others think? Freeus

To: Ed Pittman who wrote (3477)	12/7/1997 9:23:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 10227

Ed: Strictly from an Elliot Wave perspective, as of this past Friday, I have a confirmation from my Analyser that Wave 2 has in fact been completed, and we are now in Wave 3 of a 5-Intermediate Impulse. As you know wave 3 is the most powerful of the waves, and I have a price projection of 45.7846 with the possibility of a high of 57.67. Since this in an intermediate impulse, the duration of the wave three will be significantly longer than wave 1, which began in April and was completed on Oct. 8, for a six month period. This would indicate that these prices will be attained sometime next summer and confirm a lot of the other analysis that appeared on this thread. Ken