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

To: Larry Luttrell who wrote (5328)	3/28/1998 12:20:00 PM
From: Paul Smith	Respond to of 10227

Its not that people are unhappy with performance over past twelve months, its worry over what to expect in the next six months. When you own a stock, you can't always be looking back at what happened in the past, you need to keep looking forward at what will happen in the future. Every day you are making a decision to sell, hold, or buy. That decision needs to be based on future expectations not the past twelve months. You also need to determine to what extent the stock you own will act like the rest of the market. Some of Nextel's rise is because they sold some product but part is because the market as a whole went up. If the market as a whole goes down, will Nextel? Probably. Will it go down as much, less or more? I don't know. Personally, I think you need to be very risk averse to put new short term money into this market at these levels. Holding is fine if you are in it for the long term.