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To: VBroady who wrote (24560)	10/14/1999 10:53:00 PM
From: zurdo	Respond to of 27722

VBroady, Stay away from anything Paulson is involved with....Today he lost the credibility of investors who held almost 5 million shares of NAVR.....He has lost them forever...These investors will carry the word everywhere they go....Forget recovery....In my opinion, as long as Paulson is involved, people will stay away....

To: VBroady who wrote (24560)	10/14/1999 11:26:00 PM
From: SLSUSMA	Read Replies (2) \| Respond to of 27722

VBroady...quick NAVR summary... 1) NAVR announces IPO, a $3 stock shoots up to $27. 2) Stock dies down after months of no news. 3) Paulson goes on CNBC to hype NAVR, promises IPO in 2 months. Stock moves up again, though not as high. 4) More months of ZERO news; meanwhile Paulson has back surgery in an attempt to get a spine and some guts. 5) Everen securities, original underwriter, gets taken over. Loses track of the IPO. Meanwhile, Paulson seems to have forgotten it as well. 6) Everen admits they can't do the IPO. Paulson sees cash cow draining. Needs to find an underwriter ASAP! Enter me to bash NAVR. Longs gang up on me. Shots are fired. 7) Paulson finds cheapest help he can find. Lands GKM, a small fry firm with ZERO credibility. It will come back to haunt him. Longs rejoice. I still bash NAVR. Longs threaten me with all sorts of bodily harm. 8) News dying down and stock drifts again. Longs getting itchy while irritated that I continue to bash their beloved NAVR and Paulson. 9) IPO finally moving. NAVR conducts a stealth roadshow. Price remains flat. Longs are in overdrive now; skeptics like me are still skeptical. More shots are fired. 10) Stealth roadshow wrapping up. Rumor that NAVR prices on 14 October. Stock rallies for a few days. 11) It is now Friday before the IPO. Longs dreaming of NAVR to $20 and beyond. I see a top of $12 - $14. Longs again decide to do a little mud slinging. My da kine pineapple promises to fling mud when NAVR crosses $12 to new highs post IPO (still waiting for that, BTW). More shots are exchanged. 12) Flash to Monday. NAVR on the move. Jumps to $15 1/2 a share. Professor Pl(d)um(b) is really wet now. I caution a stop loss. Gets professional trading advice from said Jedi Master. Did not follow it (thank God!). Sold at stop loss. NAVR ends the day down almost $2. 13) Longs continue to declare that the 4th quarter is theirs. Too bad the score is 42 to 0 by the first quarter. Loyal fans still see a comeback for NAVR. 14) NAVR goes lower Tuesday. Almost another $2. The Jedi Master Trader calls me lucky for using the stop loss. Note to self: people make their own luck through preparation. Lesson learned to pass on to future Jedi. 15) NAVR goes lower Wednesday, though not by much (compared to the past 2 days, anyway). Longs continue to believe the NETR IPO will skyrocket this stock (at least to $14 so they can unload). Confusion last night on IPO's pricing. Still no word from NAVR (surprise, surprise). 16) NAVR opens lower. Confusion on when NETR trades. Longs are still thinking NETR will be a smash. Meanwhile, Nazi boy makes a guest appearance. Loses his willpower and accuses me of being a paid short. The Dark Jedi returns. 16.5) NETR opens finally. Priced at $11. Moves to $12 and change. Then takes a nose dive for the rest of the day. IPO a complete joke, flop, and disgrace to all other internet IPOs. Closes the day at $10. Meanwhile, NAVR breaks the single digits (surprise, surprise). 17) Da kine pineapple nowhere to be seen; still waiting for the mud promised when NAVR skyrockets. Many longs finally unload and say bye, bye to NAVR. Pretty much sums up the NAVR story on the various threads (Yahoo!, RB, and SI).