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

To: Ken Benes who wrote (6492)	6/3/1998 5:40:00 PM
From: Sunny Jim	Read Replies (2) \| Respond to of 10227

Ken, The stock is back to where it was in early January which, if you believed the price action, says that the company is making negative progress (or this is a screaming buying opportunity). My bet is that in the time since then, management has in fact added considerable value despite the fact that the industry is getting more competitive. The stock is simply way oversold. It is amazing to look at the TA charts and see such an unrelenting straight downtrend without so much as more than a one day attempt at a rally. Some of the indicators like DMI are getting ready to explode and the least hint of positive news will cause a nice 10+% spike. I put my money on the line today and bought a bunch more. Anywhere in the 23-24 range is a great deal. Long NXTL, Jim