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

To: Al Gutkin who wrote (5482)	4/1/1998 2:27:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

Al, I never take your comments as anything other than friendly banter between investors so don't give that a second thought. If you were to print out all of your NXTL posts over the last several months and read them at one sitting you would discover a very interesting thing. Namely, you always have an excuse why you should or shouldn't own NXTL. The company in question isn't the issue; your emotional investment style is. Most serious investors have a style which centers around a defined investment plan. I consider you a serious investor so I assume that you fit into this category. The primary difference between wildly successful, moderately successful, and not successful serious investors is one simple, but difficult to follow, principle: Wildly successful investors have better control over their emotions and seldom let them get in the way of following THE PLAN. No one fully gains control over their emotions but the extent of one's success in that area will be directly related to that success. Noise, which is defined as the day-to-day oops-e-doddle insignificant price swings, happens for reasons unrelated to the trend of a stock. Wise investors ignore noise. That's where chart patterns, support & resistance, cup & handle formations, etc. are invaluable in keeping emotions in check. As you read this you're probably thinking, "Who does this guy think he is? I've made a ton of money in the markets." Maybe so but imagine how much more you could have made if you had better control over your emotions. Arnie

To: Al Gutkin who wrote (5482)	4/1/1998 2:37:00 PM
From: Stephen Steir	Read Replies (1) \| Respond to of 10227

Al, I don't believe that the increase was artificial. The increase will stick because it was precipitated by a strong change in the supply and demand equation. Being added to the S&P 500 causes a one time, positive shift in demand from index funds until the company is subsequently removed from the index. Additional upward movement resulting just from the prestige of being included in the S&P 500 "club" can be fleeting. Steve

To: Al Gutkin who wrote (5482)	4/1/1998 3:00:00 PM
From: Kevin F. Spalding	Respond to of 10227

Al, I basically agree with you. On avg a 1/4 a day is all it takes. At that rate, by the end of summer we'll be near 60! Certainly some settling off yesterday's highs today is expected. If you buy on dips I believe is the best strategy going forward. I was just looking at my son's UGMA account this morning and saw where I need to wait until at least September before selling some NXTL to diversify and take advantage of long term capital gains (appealing to your accountant side). In my retirement funds, I don't give a rat's patute about taxes. Arnie's response about needing to maintain a discipline in getting to your goal (financial independence) is key. I'm a military man (one weekend a month) and in that line of work discipline is survival. The more I learn about investing, that world is no different. I love the euphomism I have felt in the last day or so over NXTL has been wonderful, but I must not let that cloud my vision or for that matter make me become infatuated with this stock. (Infatuation is blind to shortcomings, love deals with them). Remember, on Wall Street, bulls get rich, bears get rich, pigs get poor. So much for my soapbox. Kevin

To: Al Gutkin who wrote (5482)	4/1/1998 3:13:00 PM
From: Tavros	Respond to of 10227

Al, Something very significant has changed. The board (Arnie and others) have been arguing about NXTL's value. Market price, on the other hand, is a different story, determined by demand and supply. In theory, behind the demand and supply are value assessments, but as we all know, the correlation between price and value is not always there. With the S&P500 addition the demand/supply has changed dramatically. For right or for wrong, yesterday, millions of shares moved, mechanically, into "firm" hands. That is, all the funds that either invest in the S&P500 index, or replicate this index. These shares will stay with these funds under most circumstances. This is what upset the demand/supply situation. Is it worth $3? Why not? Add to that a technically favorable situation and, there you have it. One can argue, that in one big step, value and price converged (or came closer). Arnie would argue that the gap closed a bit. In the meantime we can debate as to whether NXTL's value has changed until the cows come home. Tavros

To: Al Gutkin who wrote (5482)	4/1/1998 4:01:00 PM
From: eric podell	Read Replies (1) \| Respond to of 10227

Hey Al, I couldn't have said it any better. The comments on this thread made me almost sell yesterday. Would have bet that Nextel would go down today. This stuff about Nextel being up for a while regardless of the market direction is just plain wrong. You're right, nothing changed fundamentally. I'm with you, big jumps in Nextel often presage days of selling. I'll be much more secure after adds if they exceed estimates handily and the market reacts positively by putting Nextel in a consistent uptrend.