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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: zurdo who wrote (13060)4/3/1999 11:08:00 PM
From: Mad2  Read Replies (2) of 27722
 
Zurdo you wrote >Anthony and your group did most of the damage to the IPO filing price climb....You people shorted a lot more than 150K shares in my opinion...<
That's crazy! The bulk of the selloff following the S-1 filing was done by longs, MM's and other smart traders who understood the stock would drop for the weeks following the filing only to regain momentum. The selloff on the news of the the filing was done by the same buyers that are comming back into NAVR now that the spin is closer. It's nothing personal, its just a trade.
Zurdo, I hope this thing goes into orbit, however the dilution created by NAVR's financing will depress it's prospects(the point of C's posts). None the less NAVR will be no different than DBCC/MKTW, UIHIA/UPCOY and others. It will go up and than it will go down, those mentioned peaked 3-4 days ahead of the spin. Such talk of evil short sellers bla, bla, bla takes the focus off of what should be discussed and that is when to bail out. I remember reading garbage from poster ztech on the DBCC thread about how DBCC was worth over $40/share which is where it was at the time (now at 15/share). NAVR will get to a price dictated by supply and demand prior to the spin. I don't know what that price will be but if history is a guide the peak will hit 3-4 days ahead of ipo after which NAVR will begin to peter out. This will happen because many holders in NAVR will be in this thing for the run up caused by the hype of the spin trying to exit near the top. When they (me included) head for the exits the price drops.
Gotta becarefull about falling for these net stocks, business model isn't proven, barriers to entry are low and they aren't makin any dough. Not the kind of stuff that you want to buy and get your certificates and lock them up. Yet they are a lot of fun to play and profitable at that (for now anyway!)
Regards, Mad2
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