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Strategies & Market Trends : Trader J's Inner Circle
NVDA 177.00-1.8%Nov 28 9:30 AM EST
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To: dennyv who wrote (4642)1/15/1999 7:50:00 PM
From: Trader J  Read Replies (3) of 56535
 
Dennyv: NAVR - I am trying to not have unreasonable expectations with NAVR. And this includes lofty price targets. Targets are dangerous in that they can sway ones perception of value and perhaps lead you to holding when you should be selling. I try to allow the price action of any issue to determine my buys/sells.

However, potential future valuations (targets) are a fact of life and we all use them. For NAVR I personally think that we will see a value of somewhere between 30-45 as we IPO. This has a lot of ifs tied to it. This could happen "if" the Inets stay hot, "if" NAVR management doesn't blow it, "if" NetRadio is still considered a hot play, "if" they will ever announce the IPO. A lot of ifs but most of which I think are probable.

MKTW did extremely well today and NAVR now has 4 things going for it.

1) 1/3 of the float of DBCC
2) 85% ownership currently in NetRadio
3) IPO still to be announced, expectation of news is everything.
4) The success of MKTW today.

and arguably:

5) NetRadio is now the most awaited IPO of the pack

I think the fall of DBCC will cause many to be a bit more concerned about getting into NAVR at this point, but I believe they will come.

Beware the time span between the announcement of the IPO and the actual date. If it is 45 days out, we will drop due to expectation.

Good luck, hope this helps.

TJ
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