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To: zurdo who wrote (24036)	10/11/1999 4:23:00 PM
From: SLSUSMA	Respond to of 27722

Zurdo...I think the back door IPO play has been overdone. Traders are not going to risk going long now because NAVR is expected to tank. A 13% drop from Friday's close is significant; it is even more if you consider that today's close is 25% from the high of $15 1/2. NAVR's action today fits the pattern of back door IPO run ups. I hope you managed to sell today, but I think your money is better spent waiting for the bottom. USMA95