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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Richard B. Haenisch who wrote (4476)	1/17/1999 5:04:00 PM
From: Richard B. Haenisch	Read Replies (2) of 27722

HELLO EVERYONE! FYI - Over the last couple of years more and more people are trading either from their homes or in daytrading offices, trying to "scalp" a 1/4 point here or a 1/2 point there to replace the "grind" of a typical 9 to 5 work day and at the same time, making a living at it. Well folks, Market Makers are losing more and more money, because of this increase in daytrading. According to the latest census, over 20% of all NASDAQ volume on a daily basis is created by daytraders. (avg. volume about 1 billion shares per day = 200 million shares due to daytraders). It is costing MM millions of dollars, that's why market makers spend most of every trading day attempting to "fool" daytraders so it won't be too easy for them to make money. The reason I am bringing this up is that NAVR is most certainly a stock that has come to many daytraders attention (with its most recent IPO "hype"), so if you check the price movement of NAVR over the last week you see that except for 1/13 (Brazil scare), every day NAVR "gapped up", which proves to me two things: a) tremendous demand for NAVR shares and b) an attempt by the MM to keep daytraders from "skimming" off their profits. Until NAVRs Ceo Paulson announce their IPO filing or CNBC mentions that NAVR is rising on it's Netradio IPO spinoff anticipation, we will probably see more of the same movement - gap at the open and a small trading range throughout the day after that. But when either/or both of these events occur...Navarre will rock! Just FYI Rico p.s. BTW - I think it would be appropriate to announce the earnings at the same time as the IPO - Wouldn't you? (1-21)

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