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

To: jimmyo who wrote (5894)	4/29/1998 10:13:00 AM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

"Jimmyo" the movie? That's one I missed. Circa what era? Given NXTL's direction every time Al buys the stock, I'd prefer he not buy again soon. Maybe next time his wife ought to buy the stock. Some have said that the stock is dead in the water because of the recent price action. Unless the whole market tanks, I say baloney. I stand by my previous comments that NXTL will peak in late summer, probably August or September before beginning its annual retracement which will bottom sometime in December-early February. The current NXTL price situation reminds me of this time last year when the stock was bouncing in a channel between 12+ and 16-. This board was full of considerable angst and we still had OJ Didit warning of the end of the world. For those that weren't around then, the stock hinted at a move the last two trading days of May and then began to punch the lights out in June. I've still got all my E tickets and I'm ready for the ride up. Internet stocks, replete with losses and unbridled optimism and with no where near the promise of NXTL, are a hint of what will eventually happen to NXTL's stock price. Arnie

To: jimmyo who wrote (5894)	4/29/1998 11:12:00 AM
From: Al Gutkin	Respond to of 10227

Jimmyo: Did you take math in school, if so, they you may understand this. Last year I bought more than a few thousand shares of Nextel at prices ranges of 28-30. Some of these purchases were on margin. I did this because I thought of Nextel as a long term investment, I wasn't a day trader. So, now lets examine two of my 1997 choices, using hindsight, of course. 1. Keep the stock. Based upon todays price, where would I be? Easy to answer, in debt and at a big loss. Especially after incurring severe interest charges to my margin account, 6 months worth. 2. Sell the stock at the end of 1997, take the loss, save the interest, move on. Now you are a pretty smart guy, what should I have done? Right answer Jimmy, sell and move on. That's just what I did, incurred big losses, but saved the interest. Jimmyo, thats how I became a short term trader. It's easy to be in a cement fox hole and act brave. Some of you guys bought in at the 15 range, easy to be a Smart talker at that range, try talking big when your buy was at 35, especially now with the stock pushing down on the low 28. It's not fun to be heavily invested and not know if, and when, a recovery will be possible. The interest factor also comes into play, doesn't it? Al G., I'm not leaving, just not investing till the bottom is determined.