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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: stiltz1 who wrote (2629)	12/20/1998 1:57:00 AM
From: Berney	Read Replies (1) of 27722

Sorry guy, but you really need to look at a 5 min chart. Friday the stock formed a perfect pennant. The stock slammed into 9 3/4 most of the day. When it broke to the downside, it clearly reflected that 9 3/4 became resistance rather than support. I hope it breaks it, but believe that you need to watch what this MM does with the stock. Generally, the MM rushes the price up, and slowly brings it down. Clearly, when the IPO is announced, the price will explode. Until then, it is a play toy! Until then, watch what the MM is doing, rather than the hype on the thread (including yours). I noted Thursday that the price and volume were acting really strange. I'm using this time to slowly bring down my basis in the stock. I acknowledge by this, that I may be on the wrong side of a big move. I'll take that chance. Berney

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