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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Ernest Poe who wrote (3841)1/11/1999 6:14:00 PM
From: HairBall  Read Replies (2) of 27722
 
Ernest Poe: They never go straight up...since the IPO is not due in the next day or so, the possibility of a pullback prior to the announcements is very probable.

Those of you just joining the party keep this in mind and set those mental stop losses. If you stop out and the stock begins to run again, you can always buy back in...ask Baldy if this is not sound advice....heh Baldy? Commissions are just to cheap not to take this approach.

In addition, remember those self-hyped SI gurus (legends in their own minds) that take short positions, may come on this thread trashing this stock as has been done on DBCC. They will not really be coming on this thread to warn you and do you a favor. They will be coming on this thread to hype their position, period! They will want the stock to go down so they can make money. Their timing may or may not be right, however they will not be some kind of "new era" investment monk coming here to lead you to the promised land, trust me. ! Depend on your stop loss targets to protect you against excessive loss.

Those who go long NAVR should do so only with the understanding that NAVR is a "internut" momentum play and it will go down eventually. How high it rises first, how much will it pullback and exactly when, who knows...

And remember as more day traders take positions in NAVR, volatility will increase.

Regards,
LG
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