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

To: Al Gutkin who wrote (5311)	3/27/1998 7:40:00 AM
From: fma	Read Replies (1) \| Respond to of 10227

Hi Al. You've been gone for awhile. That probably explains your lapse. The politically correct term for someone watching CNBC our age, according to Arnie, is not as you write "Old Fogey" but rather "geezer". At least I think that is it, but since you both live in California, I'm wondering whether the term Arnie also iterated, geezerette, is monoinclusive, that is we are a pair of geezerettes, which I hope is not a pojorative but which sure is confusing as one is entering their second childhood and trying to adapt to these california neoisms. My SI spellchecker is having some problems, think I'll call my old language professor General Haig.

To: Al Gutkin who wrote (5311)	3/27/1998 8:21:00 AM
From: Ken Benes	Respond to of 10227

Al: When we speak of markets, anything can happen, and I have always said that nextel being a highly leveraged play is very vulnerable to a systemic correction in the market. Having said that, nextel has a lot going for it at this time. 32 is a formable obstacle, but stocks do breakout, and nextel has seasonality and a dramatically improving fiscal picture to provide the momentum necessary for a higher price. The telecommunications industry is also probably one of the most opportune places to be at the present time. I believe this sector is where the PC was five years ago. We also continue to see an expansion of the global economy outside of southeast Asia and nextel is well poised in these markets. Al, the next two quarters are going to be significant for nxtl, and the markets do not wait to hear good news. We live at a time where premiums are paid for anticipation. That is why disappointments are treated so harshly on the street. Finally, watching the tick data come across my screen gives a bit of insight of where the momentum is in a stock. While the volume has diminished in nextel, it has reached a point of equilibrium with the mm unable to shake a lot of stock loose, everyone is sitting tight. What Fred Smart said yesterday in one of his notes, is pretty much the sentiment that I am seeing. Any kind of positive news will cause this stock to breakout. It may breakout without any news, because as I have said, you cannot keep good news a secret. I firmly believe the move is going to be up, however, because we are dealing with markets there are no guarantees. Fortunately, most of us on this board should have substantial profits which should cushion any pullback. Ken