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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Chris Abellera who wrote (5891)2/2/1999 3:15:00 PM
From: AJ Berger  Read Replies (3) of 27722
 
Only Invest what you can afford to Lose!

I'm long here, and have enjoyed following this thread for the last few months. I've read how some are taking healthy positions in this stock, and thought it might be prudent to sound a note of caution. Most here would agree if NAVR Does not do the IPO announcement by Friday's close, this stock would be vulnerable to a severe downturn as much as 50% of it's current stock price. If you think such things don't happen, think again. I've been following a pharmacutical company called Cellpath CLPA. Monday they were suppose to announce the beginning of marketing of a new cancer drug just out of Phase3 trials with the FDA. The stock rallied from the teens to the high twenties in anticipation of That announcement. It turns out the Phase3 trials were inconslusive, and the drug's release is now in serious doubt, or at best delayed. The stock plunged today from $28 to nearly $8 overnight. Don't think for one moment that such a mishap can not happen here. I've got plenty of cash and margin credit right now, and would love to plow more of it into NAVR, but I know from such experiences that nothing is for sure in life but death and taxes. So if you are reading this post, and may have averaged into a few more shares than you can afford to lose on (should the news on NAVR turn out wrong) then I strongly suggest you rethink your position, and trim your holdings on this stock. As I posted in the past #5676, you'll have plenty of opportunities later to trade this stock up should the IPO come thru.
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