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

To: Bernie Diamond who wrote (6495)	6/3/1998 7:09:00 PM
From: Ed Pittman	Read Replies (1) \| Respond to of 10227

Bernie.. Risk/ Reward... I think you are at the half way point..Just as much risk points down as up. The daily trend line has been broken and the weekly trend line has been broken..That leaves the monthly..Its sitting at $ 15.. Will it get down that far..Is anyones guess.. I'm still looking for a market top in July, then a correction that should last for the rest of the year. A big one.. The up side for Nextel it should have a very hard time getting to $ 30-32.. The over head is massive. This will take time. IF the market tops in July and heads down thru Oct etc.. it should take Nextel with it.. Then you have to think about tax loss selling ... The stock price is not showing such a rosey picture that the Company is talking about. For Morgan Stanley to paint a picture of a target price of $ 38 by year end, I find prue fantasy at best. I can be wrong and have been wrong before. But, until that down trendline is broken or we get a wash out..I'm on the fence. Good luck, and have a nice trip to Maine. I'll be headed to Oakland, I'll trade ya trips anyday...Oakland sucks. Ed