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

To: Ed Pittman who wrote (5706)	4/16/1998 5:02:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 10227

Ed: I do not have trouble with their rates. We switched to a new plan several weeks ago and cut our bill in half. The plan raises most radios to a price of 60.00 per month which should preserve the ARPU numbers. Nextel, recovered what it lost yesterday with a close at 32. It appears to me that nextel will go lower before it goes higher, probably to the 50 day MA. However, I am not convinced of this retracement, it appears that their is a battle going on between those who love nextel and those who shy away from a lot of debt. Which way will the stock settle? The markets overall high valuations and peoples inability to appraise accurately the state of the computer/software/hardware business make me nervous. With the current time span, post April 15, a think there is a substantial amount of risk for a nice correction. This is not the best environment for a highly leverage play. I have moved to the sidelines for the time being. Ken

To: Ed Pittman who wrote (5706)	4/22/1998 3:34:00 PM
From: Ed Pittman	Read Replies (1) \| Respond to of 10227

Well I have been off this board for a week or so and let the stock act for its self.. Lets review.. stock moved up this year from 22 to 34 that was a 12 point gain. So during a correction I use the Kiss method..50%...That puts you at 28. So, you think its over.. I think the jump over 32 to 34 was a bull trap.. Everyone and their brother had buy stops on the break out of 32..So, they gap it up and hung all the momentum boys and girls.. They are all under water right now. These people are not the type to buy and hold. Still sitting on the fence, and it looks pretty good where I sit. Ed