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Technology Stocks : Navigant International (FLYR)
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To: Cleo who wrote (603)5/1/1999 3:16:00 PM
From: Rob S.  Read Replies (2) of 725
 
The volume was impressive - more than I had hoped at this point. FLYR is still trading around the resistance level. It it's brief history it has been volatile. I think there are still a considerable number of shares that were bought at various times and then saw the stock price fluctuate higher only briefly. And some investors bought higher only to see it plunge. Many of those folks may want to sell as it tries to move higher - a lot of investors buy and sell on emotions more than anything going on with the underlying value of the stock.

I think it will either trade modestly upward for a while or trade in this range. On any dips, I plan to accumulate more. The Internut stocks may tumble this summer as the web go-go generation gets going on vacation. That could have a chilling effect on all Internet related stocks, even those with earnings and low valuations. I don't think it will effect Navigant, but investors fleeing the entire sector remains a concern.

Longer term, say six months, this is my #1 pick!
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