NAVR is at 900K volume with 1 hour left in the session
(25% of daily avg volume).
It's up 1, but on *very* light volume, which tells me that
it's reflex action on the recent selloff. The volume also
indicates a lack of commitment of money to be put in,
after everyone got burned by that recent announcement
of the IPO delay.
I sold out disappointtingly at 15 7/8, but I hope to get
in when it's closer to the IPO, even it means that I buy
in at 17. The risk/reward has changed now, and I'm willing to wait
until then, when the market has firmed up a bit better.
I would not recommend even shorting this stock,
because the stock is in a relatively neutral price range of 15-16.
So I'm not going to waste your time saying "rah rah sis boom ba"
like that idiot extremist who frequently posted propaganda
and BS crap messages like,
"Looking for fifty" and later the next day,
"3.0 million is light volume" for a stock that closed
down 2 near it's low...he knows who he is.
He doesn't want to hear it, because he got taken to the cleaners
like the rest of us. Most of us probably had a target price of 25-30
when the stock was at 20-21, because many of us had already done
the math on what the company was truly worth with the IPO,
unless of course, one was having wet dreams on the sky's the limit.
I had no doubt that when he said it would hit 50,
he would be the first one out the door at 25 on the open,
right after the IPO news hit.
The market is weak now, but may change later in the next 2 weeks.
We'll just wait and see. |
