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Strategies & Market Trends : LastShadow's Position Trading
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To: Ron McKinnon who wrote (11808)3/30/1999 5:21:00 PM
From: Dave  Read Replies (1) of 43080
 
Ron,

As much as #daytraders has some push and pull with stocks, the volume on NAVR indicates something more. Two thoughts:

1) NAVR has bounced pretty hard off 11 1/2 in the recent past and the same thing happened today, albeit a little bit of a delay from the low.

2) The 30-day window for the SEC to respond to the S-1 is also approaching on April 3. I doubt they will respond exactly in the 30-day time frame, but NAVR should tick up from here in anticipation of that date.

FWIW,

Dave
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