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To: zurdo who wrote (23694)	10/8/1999 3:59:00 AM
From: country bob	Read Replies (2) \| Respond to of 27722

mornin', y'all!

To: zurdo who wrote (23694)	10/8/1999 8:15:00 AM
From: SLSUSMA	Respond to of 27722

Zurdo...I'm still not convinced that earnings are to be released on 19 October. That's only 2 weeks after the quarter ends. Real companies with real staffs (and large ones at that) take about 2-3 weeks; a third rate operations like NAVR with only 300 employees (probably most in sales) and questionable management (let's face it, NAVR is the master of delays) usually take their full 45 days. In the past NAVR has taken 40-45 days for their quarterly report. Therefore, I expect earnings more on 19 November than 19 October. This means that NAVR has a full month to drop, barring any news, before good earnings will surprise anyone or lift the stock. Given NAVR's history of making non-meaning press releases, I don't expect any significant news during that period either. I think if you are able to short during the IPO run, you are safe for at least 1-2 weeks after the IPO. Nothing is a guarantee, but you can fully expect a 20-30% gain from that short at the height of the IPO run. Damn, I'm up too early today! USMA95