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


To: Arnie Doolittle who wrote (6394)5/28/1998 12:21:00 AM
From: Kevin F. Spalding  Respond to of 10227
 
Arnie,

Again, in fairness to Jerry K, (work doesn't let me listen as often as I'd like), he has been saying for 2-3 weeks he as been lightening up on NXTL. It wasn't just all in one day. Plus too, he's a professional, and the radio listeners don't pay his freight. He is under no obligation to tell us his every move even on his largest positions. We have paid no high subscription price for his "model portfolio." We're getting what we pay for. I am not his client, but would consider being if my life circumstance were different. I suspect by the time I have the assets in a position to give him to manage, he'll at least be retired if even around any more.

I do find him extremely entertaining, and I've learned a lot from him and the books he's pointed me toward.

Kevin



To: Arnie Doolittle who wrote (6394)5/28/1998 12:25:00 AM
From: Ken Benes  Respond to of 10227
 
Arnie:

Nextel probably needs more time to reform a basis before it starts moving up in price. Today as the market recovered, nextel weakened at the end of the day, indicating that buyers are still pretty scarce. It is becoming more apparent with each passing day that investors want to see the impact of competition on the ARPU numbers. This is the direct result of the large amount of debt carried by nextel. We are just going to have to wait awhile longer.

Ken