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

To: PHG who wrote (4627)	2/12/1998 6:39:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

"If Al and others like him had bought in to Nextel when you did, they also could be cool and calm. The fact is they didn't. So they don't have 5 to 10 thousand $ per 1000 shares built into their position." Phil, a person's comfort level with investment decisions is directly related to a) experience, b) knowledge, c) personality, d) temperment and e) confidence in his ability. While it's nice to have an $11 per share gain in NXTL under my belt, that's not the basis for my current optimism. I am equally confident about RII although I am currently under water in that stock. If I didn't continue to see what I saw in NXTL in early 1997, I'd sell my stock in a heartbeat and move my bucko$ elsewhere. I do not invest for fun, rather for profit. This is how I make my living - trading stocks for my own account. I have no customers, sell no products and don't eat if I can't turn a nickel in the stocks I own. As for your situation, I don't know how you made your NXTL "buy" decision; whether it was well or ill advised at the time. However, I do know how to read a chart and I know what I see. My comments regarding chart reading have been in response to questions on this board. TA is not perfect, nor is any other investment technique but it has worked well for me and that's an understatement. Normally TA folks don't like to talk about what they see developing on a chart until after it has already happened. What good is that? I see a cup and handle formation, with the current right side of the handle forming. If it later turns out that I'm wrong, I'm hanging out there for all to see. Why should I stick my neck out? To somehow profit? No. Then why? So, hopefully, some on this board will see the value in a technique called technical analysis and will say, "Shucks, if Arnie can do it, so can I." And they can if they'll spend the time and effort. Arnie Arnie