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To: Ed Perry who wrote (24328)	10/14/1999 1:04:00 AM
From: zurdo	Read Replies (1) \| Respond to of 27722

Ed, you have presented an excellent overview of this stock, its failings, and its possibilities.....I agree wholeheartedly with you that this is not a stock for the impatient...long or short...Your individual points of observation are very insightful...There is a distinct possibility, however, that Paulson's stupidity and greed will entice him into another unwise move...at the investors expense....This fellow is extremely adept at snatching defeat from the jaws of victory....I hope he can control himself, at least for a month or two...One very positive factor...and very bad news for the shorts...is the fact that all illusions about a quick killing are now gone, and the investors who have decided to stay are now all very strong hands who are prepared for the long run...Navarre is well positioned, although I agree with you that it is more accidental than skillful management on Paulson's part...