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Technology Stocks : Navigant International (FLYR)
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To: Patrick Macnamara who wrote (606)5/4/1999 7:14:00 PM
From: Rob S.  Read Replies (1) of 725
 
Nice close . . . despite the sell-off in the Internut sector toward the close Navigant finished up on strong volume. I see that FLYR traded as low as 6 1/4! What nervous nelly sold at that price? I should have got my order in early today.

I was surprised to see it close up because of the rotation out of tech and Internet stocks. We may see some choppy action for a while because the confidence in the Internuts is continued to be shaken. Unless the entire market collapses, which is very unlikely, IMO, Navigant will at least hold at this level and continue to consolidate the recent gains. Then up to about 7 3/4 -8 by the end of the week or early next.

In the morning I will get some low ball orders in place just in case it moves down on low volume again like it did today. I think the buyers will come back in whenever it drives lower.

Navigant has filed for repurchase of 1.5 million shares - that should help hold a solid floor.
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