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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Ashley800 who wrote (1493)12/6/1998 10:03:00 AM
From: TraderGreg  Read Replies (1) of 27722
 
Ashley--If memory serves me, AMEN was trading near its high at the time the CEO appeared on Squawk Box. Moreover, Monday was one of those bizarre days that in all likelihood would have produced a tanking whether or not the CNBC segment had aired.

NAVR, while up a 100% from its pre-runup channel price, is well off its high of 27 and is extremely oversold. Given that the CEO's decision to sell a paltry 10% of his shares has caused the price to be hammered so hard the past few days, I can only see upside to his appearance on Wednesday.

Of course, the above is predicated on the absence of any additional "bad" news.

TG
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