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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: simarx who wrote (143)7/16/1998 11:32:00 AM
From: Andrew H  Read Replies (1) of 27722
 
>>Andrew if you are long, I hope you are right. But your assessment is one of a person who would be willing to hold for 12-24 months. Notice the pattern. This stock is becoming a playground for momentum players. What will happen to the investors who buy at 7 when the stock settles back down by the end of the day?<<

If you look at the way Internet stocks are performing with no likelihood of profitability for years, then with the low float and shares out, NAVR looks pretty cheap. Many Internet stocks are in the hands of momentum players and the stocks have only been going higher. The earnings were only negative after the dividend. By your reasoning any broker who recommended almost any Internet stock could be taken to arbitration. If you haven't noticed Internet stocks are in a world apart and are not valued by current earnings.
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