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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Lynn who wrote (5186)1/26/1999 12:32:00 AM
From: Mark[ox5]  Read Replies (1) of 27722
 
Reason to worry: Down day on large volume
Reason not to worry: Down day on small volume

Today you had a small down day (1/2 point) on 1/3 average volume. The problem is the board's expectation is NAVR would magically go up 20% today in anticipation of IPO announcement. So if you take a step back today was just a normal day..... relax.

You have a lot of nervous nellies who are investors in NAVR
You also have a lot of jaded potential investors who are wary of NAVR and their "waiting til the last moment" style of doing things

Put these together along with a lot of people who do not buy before earnings announcements and today was no big surprise.

Support is at the lower $14s... if you can buy at that range it's a gift. Until anything offical, no need to hang wring. (not directed at you Lynn, but the many hand wringers)

Mark
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