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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kha vu who wrote (8046)1/17/1999 10:03:00 AM
From: kgreen  Read Replies (3) of 90042
 
You might want to look at NAVR. Like DBCC and MALL, it is preparing an IPO. The registration is supposed to take place by Feb 1. MALL anmd DBCC both had exceptional run-ups in the weeks before the IPO launch. I would suspect NAVR to do the same.

One thing: NAVR earnings are supposed to be out on Thursday. Stock price is likely to drop after those earnings are out. They are not expected to be great and smart money follows the rule "buy on rumor, sell on news". So if you want to dip into NAVR, you may want to wait until the end of the week.

I am buying NAVR under 13 and accumulating for the IPO. If DBCC can run 40 points and MALL can run 50, I would think we should expect a nice run with NAVR.

Kath
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