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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Larry Sahr who wrote ()12/9/1998 11:26:00 AM
From: StockDung  Read Replies (3) of 27722
 
Navarre Corp (NAVR) 10 5/16 -13/16 (-7%): --Update-- Issue turns into
negative territory, as company CEO disappoints traders by downplaying spin-off of
NetRadio unit during CNBC interview. And, in case you haven't noticed, momentum stocks
typically run-up in advance of CNBC interview and sell-off after Mark Haines begins to
question guest about fundamentals of the company. Not a pretty site watching a company
executive dance around the questions. Volume 5.2 mln; intraday range 9 7/8 to 12 5/8.
CEO makes no mention of current stock holder receiving any stock of initial public offering of Net Radio.

floyd
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