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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: zurdo who wrote (13056)4/3/1999 8:00:00 PM
From: RockyBalboa  Read Replies (1) of 27722
 
No, I'm not contradicting myself.

The stock peaked $21 15/16 at Feb 04 and 21.25 on the next day (on high volume, $5.6M and $5.5M) but faltered quickly, and went under $15 on Feb 9th.

I pointed out that selling that amount of stock into a peak can be done. But the action afterward showed that it was a peak, and the price hasn't been reached for 2 months again.

It can be done....on the backs of the ordinary shareholders, people who can't afford it. My point is that it destroys a lot of trust if a stock loses that percentage within days and then it turns out that insiders used the opportunity and sold stock.

techstocks.com
techstocks.com

I just read through this series of posts in the Feb 4-Feb 5th range and this one is remarkable (note that was the time of the insider [and others?] sales):

Message 7656233

And there have been news out, too:
techstocks.com

What I do is, I look for similar patterns: News "rumored", released, market activity - stock "howling" and churning big time with no price improvement..., the thread was very optimistic those days. Stocks tend to develop "patterns" and habits. Some are reliable as clockworks.

Sometimes, 40 days after such actions we can read it in the sec filings.

C.
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