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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Benchman who wrote (1470)12/5/1998 2:37:00 PM
From: TH  Read Replies (1) of 27722
 
I agree, on the short term swing from shorters on net stocks that have formed some kind of base. I am wondering if it will be a wash sale on NAVR, or will the net (no pun intended)result will be a slight increase. I don't think there is anyway this can be determined due to the fact that no information is available concerning what percentage of shorts are margined.

I do think that NAVR has formed a short term base. I actually thought it would be around 8.5 due to high turnover of shares available to trade. I don't think too many who bought below 4.5 are still holding.

All of this waxing is total BS if the market decides to sell again. One last factor with the margin increase at various brokers taking effect on different days (I am expecting more brokers to add these requirements over the next week) then the balance of money in nets will be decreasing over the next week. Does anyone have a summary of what brokers has imposed the new rules and which ones have not?

In the end, there will be less money in the nets and the investors who like them will have to choose which ones they want to keep from their halved pie.

Navr has a good story that has a near-term event (45-90 days) to trigger interest. I personally would hold NAVR before ONSL, MALL, BAMM, and quite a few others.

Good Luck
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