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

To: freeus who wrote (6390)	5/28/1998 12:06:00 AM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

Freeus, in defense of Klein, he suffers from the same malady that every investor suffers from: we have a plan and emotion sometimes gets the best of us. He's proof that, even after a lifetime in the investment business, emotions are still the most difficult challenge for the investor. I'm glad to hear that you got your margin under control. I banished mine about two weeks ago. Life is a lot simpler when you don't have to worry about margin calls. Klein is an investor but he's currently hunkering down, seemingly expecting the worst. Since I only listen to him occasionally, I'm not sure what his current stance is on the overall market but he must think that the market is going to pull back considerably from its current level. Think about it - one day NXTL is his largest investment, accumulated over a long period of time, and the next day he bails out - lock, stock and barrel. There's something wrong with that kind of thinking. Yes, he says that he plans to buy back in at 22 (if it gets there!) but he'll bail if it breaks 21 or so. Let's suppose he's right and the stock goes to 22 and holds. Ok, so he buys back in but his clients in taxable accounts are in deep doodoo because they have to pay taxes on recent sales. Thus, they end up with fewer shares than they previously had. If he's wrong? !!!! Arnie