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

To: Ed Pittman who wrote (4758)	2/19/1998 5:44:00 PM
From: Frederick Smart	Respond to of 10227

>>I still like the company just not the chart pattern.>> Ed: May God bless you. I spent 10 years with TA at the beginning of my career on the street. There's enough there to keep anyone interested for eternity, as long as you accept the fact that 80+% of TA is basically chasing one's own tail, emotionally, logically - almost literally. For me, it became more of a huge distraction than anything else. Bottom line, for long term investors the stock market a market of companies, not stochastics, Bollinger bands, moving averages and P&F charts. Even for day traders, 90% of success is spelled D-I-S-C-I-P-L-I-N-E - cutting your losses, rolling with your gains...managing your position. Every individual has his/her own unique system. For Nextel and any other company I own, I do my own fundamental research, but spend a lot of time "working the field", calling users, companies that buy competing products, visiting competitors, even selling the story of a comapies product to others. Research analysts are the last people I contact - but they are important and use their output and do call on them from time to time. In the wireless field I have two stocks spread with each other - Nokia and Nextel. Nextel is my largest position, followed by Nokia. Following Nokia keeps me up on the rest of the field. All I can say is that the wireless pie will grow larger than any of us can begin to conceive. Nextel will continue to control a leading position. Good Luck!