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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Patric who wrote (13099)4/4/1999 6:19:00 PM
From: Marketeer  Read Replies (2) of 27722
 
Patric, you got it exactly!

The price range to account for is definitely where most long positions double. However, I submit that point is not yet established. After the S1A is filed, a period of higher volume combined with tight trading range (2-3 points) will establish a new group cost average (GCA). That's what I am watching for. IMO, a spike beyond 2x GCA is likely, and will signal a temporal, unstable NAVR peak range. Try to catch it if you can. My advice is do what you are comfortable with.

Marketeer
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