Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: xclently who wrote (102)	7/9/1998 1:30:00 PM
From: simarx	Read Replies (1) of 27722

Sorry my friend this is a large negative. Volume has died down along with liquidity. Price today ran too quickly to 10's and then 11, with most of the buyers below 8. Typical MM action where they lead the stock super high and then start hitting the buyers with short sells at unsupportable high levels. What you are seeing now is a lot of covering in the 8's which accounts for the support and occasional small gap up. But, notice after that run is complete, the price settles lower and volume starts dying again. Liquidity is the name of the game, and it is going away. If any more weight hits the stock, like you indicate may happened, our profits will be eaten up. I am not normally a daytrader, but this play looked like a lot of fun, and made a few bucks on the run up from 7. Completely out now, but be careful, your findings are foreboding. simarx@yahoo.com

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