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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: simarx who wrote (110)	7/10/1998 1:51:00 AM
From: gaohong xie	Read Replies (1) \| Respond to of 27722

Besides you mentioned technical factors. I carefully read today's news and latest 10K/10Q report. What is your 16M new offer coming from ? 1. Today's news is nothing, except let BK's website includes NAVR's Software sell site ONLY! In other words, NAVR has been a software supplier of BK on retail channel. So no extra revenue is provided, only ways to get order changed. 2. There are roughly 7.6Million convertible shares with conversion price at 2.7$, convertibe holders will make killing on any high than 5$ price. Money do not bite and C holders are not stupid. why not, I sell short at any price high say 9$, then convertible same amount with 2.7$, pocket the difference gain of 6.3$ per share. Even worse thing is they can short twice of their convertible shares, why they have same amount of warrants to purchase at 3.5$/sh. So relatively this stocks has almost rock solid bottom of 3.5$ 3. There are roughly 500K insider planed sells upto date, not sold yet. I believe they are also like the quick money. In conclusion, I am almost sure MM will try to popup as high as possible to attract small guys buying, so they can short (remember MM do not have to borrow shares, short naked). So if you plan to buy at open, be aware of amount of shares bought. If they are looks from small guys only, then you are in trap. Just like the last time when NAVR poped, which is around April 26. Check out the date, you will find convertible deal is done and big guys had information already, so it quickly dropped. I am happy to see open rally, so I can have my short. MM may not need uptick, while I do. Now the 10M dollars question is who will be the buyer ? To be honest, I estimate maybe only 10% of poster here is long term holder and true believer. The rest are just try to make quick buck. Some one will say MM shot up to squeeze the shorts, so shorts will buy. Yes, one possibility, but most shorters are very professional and have deep pocket. You see SI of NAVR is steadly increase, why big shorters maybe are all convertible holders, they do not have to cover. This is the only difference with KTEL case, which they have better FA position, so shorts have to cover and also because of 1/3 of floats of NAVR had. Either way, I think tomorrow is real good for making money. The worst is open as same as today's close then going down, then you small guys fucked. Gap up, then real buyers fucked, or cover shorters fucked. The sellers, either profit taking or shorter will be the winner !!!