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

To: Al Gutkin who wrote (6469)	6/2/1998 2:03:00 AM
From: Satellite Mike	Respond to of 10227

Hopefully things will begin to brighten up in the next couple months, Al. I never thought things would get this gloomy. Mike

To: Al Gutkin who wrote (6469)	6/2/1998 7:00:00 AM
From: Bernie Diamond	Read Replies (1) \| Respond to of 10227

Al, I'd rather be in Nextel and oil drillers than techs, any day! All the bad news is already factored in the oil stock price. It doesn't mean that it can't get lower, but, again, its just a matter of time. There's no substitute for oil, and the demand IS increasing, despite the Asian slowdown, and el Nino. This sector can go up in a heartbeat! OPEC and other oil producers can't afford to have the price sub $16/ barrel. Their meeting on the 24th, will confirm another supply reduction. Then we need time to absorb the glut that already exists. I don't own GLM (I have 7 others), but I think the somewhat lower day rates in the GOM is a factor for them. I would hold GLM if I had it. I highly recommend the SI thread, "Strictly: Drilling and oil-field services" for excellent and current information on this sector. I'd buy more of this sector but I want to keep some powder dry for Nextel (my single largest holding) if the price continues to slide. IMO, Nextel is the greatest value story going. Bernie, an inveterate bottom fisher.