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To: zurdo who wrote (24021)10/11/1999 4:01:00 PM
From: moby_dick  Read Replies (1) | Respond to of 27722
 
I gotta admit zurdo - you have some great powers to rationalize a bad trade. This dog is dead, that is, D - E - A - D. It won't hunt no more and it needs to be buried.

Moby.



To: zurdo who wrote (24021)10/11/1999 4:06:00 PM
From: SLSUSMA  Respond to of 27722
 
Zurdo...the pattern today repeats exactly what happened to DBCC, MALL, and IDTC the days before the IPO.

You may get a small rise at the open, but the safe thing to do now is to wait for it to level out (bottom). You can tell this when the volume dries up.

If you notice the heavy volume at the open (over 1 million shares in 1/2 hour) and the highs reached (upper $14 and low $15). You'lll realize that the MMs and traders who bought Friday cashed out this AM. The volume being about the same the last hour on Friday and the first hour on Monday was too strange to be just a coincidence. From $13 1/2 to $15 1/2, the smart players won about $2 per share in about 1 million shares. Not much to a big firm, but as much as NAVR can be expected to provide.

USMA95