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

To: Ken Benes who wrote (6080)	5/11/1998 10:04:00 PM
From: Frederick Smart	Read Replies (1) \| Respond to of 10227

>>If you feel bad, look at Fred, he was averaging down at 30 and was looking at the opportunity of picking up additional stock if the stock broke below 28. In the fullness of time he will prevail, but looking at your holdings loose sizeable amounts of value is not easy.>> Ken: From this perspective, the better term to use would be "he was averaging up". I own additional stock at $26 7/8 from the last pass through this zone and will probably be buying more when and if we go lower from here. I held back - as did many others - from buying right below $28. "In the fullness of time...." Hang in there buddy. BTW, are you long, short or just having fun.

To: Ken Benes who wrote (6080)	5/12/1998
From: Al Gutkin	Read Replies (1) \| Respond to of 10227

Ken: 6 months ago talk about Nextel at 23 would cause longs to say we're nuts. Now, lets look at the situation. Nextel recently was put into the S&P 500, soon after it hit an all time high, the longs were saying "goodbye to whom ever was left at the station, Nextel is taking off for outer space." Here we are, now, freely talking about buying more at 22 or 23, like it's acceptable for this company's stock to fall from 35 to 25 for no reason. Something smells, lets find it. How about this story, as an example. I have a client that works for PA (Pimco Administrators). He told me that the Co. would meet analyst's estimates for years to come. I bought the stock. Guess what, about three days before the quarter results were to be announced the stock drifted down. I knew better, so I held. Guess what, the quarter came up short. My nose started to twitch before, and as the smell grew, I ignored it. I suspected something was wrong as the stock usually climbs before the results are announced. MORAL TO THE STORY, MY NOSE TWITCHED TODAY. Especially after I bought in and it dropped another point. Is something up that we don't know about? Al G., smelling his way to the answer.