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

To: Rob Prickett who wrote (8042)	10/19/1998 8:24:00 PM
From: jimmyo	Respond to of 10227

Ed, did I hear you right? are you coming down off of that fence? <BG> hey maybe the JETS have a chance tonight after all!! So you think the 26th is the focall date, hum, you've been Ed, to darn good at this. Can you give me a time?<VBG> jimmyo time for some real ball!

To: Rob Prickett who wrote (8042)	10/20/1998 11:06:00 AM
From: TheMotoMan	Respond to of 10227

Thanks Rob- Your right, the wash rule says that if I buy before the 30 days are up, I would update my basis for the repurchase. What I'm trying to do is claim a loss against my gains for 98. I did very well with RATL - so if NXTL will stay in a small trading range until I get back in, I can claim my significant loss; in a way, I can differ my anticipated nextel gains until atleast next year. I'm expecting to see a huge move on NXTL when we get closer to the end of the year (or at least by Q1 99). But if it happens sooner, I'm going to want to get back in as soon as possible. In fact, I was hoping that NXTL was going to be a dead stock until later in the year...but again, I don't want to miss the train! I'm looking for NXTL to trade between 18 and 23 until some time early next year. I'm still a newbie at TA but I feel 23 should provide significant resistance. Only really good news should get us up past 23. FYI: I have JAN22.5 options at 2.75. So I really hope it goes higher(so I'm not trying to bash the stock); just calling it as I see it. OT - Stock Hype: RATL For the trader, I have found RATL to be an easy, very predictable moving stock. They just had a record Q of earnings and revenues. I'm a software engineer and understand and use their products. The long term looks great but for short term too, this stock shows all kinds of chart patterns (triangles and trading channels).