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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Marketeer who wrote (13096)4/4/1999 5:50:00 PM
From: Patric  Read Replies (1) of 27722
 
That is what I meant by selling in increments. It is nice to hit a double, because you can sell half if you want and play the rest of the game with house money. What do you suppose the average cost basis is for everyone holding shares with a plan to exit pre-IPO? I'm guessing it may be as low as 12 or as high as 16 (remembering there should still be plenty of folks around who owned shares before the original IPO announcement). If so there may be some heavy "resistance" between the mid-20's and the low-30's. IMO if the momentum carries beyond 32 or so we could see a big spike, although catching the top would be a real trick.

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