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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: PAL who wrote (2991)12/24/1998 8:51:00 PM
From: Curbstone  Read Replies (1) of 27722
 
Paul,

It has been my (limited) experience that these big (sometimes gapping) early morning run-ups are followed by a sharp decline starting at about 10:30 - 11:00 EST. What do you think about selling NAVR at or near 10:30am and waiting for the first round of profit-taking to buy back in? I don't really expect to sell at the VERY top, nor do I figure I'll be able to buy in at the very bottom, but I sure could use a little guidance here.

On a related note, since the MM's are aware of the above, and have had a LONG time to prepare a stategy that will ensure that THEY (not us) make the most money when NAVR pops, can you think of a simple way to stick a spike in one of those market makers and drain that sucker day after day like a maple tree?

Sincerely, Mike
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