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To: simarx who wrote (247)7/21/1998 2:44:00 PM
From: iceburg  Respond to of 27722
 
simarx,

How can I call a bottom? I can't always or I would quit my day job ;-) I'll send you a private message and explain why I think 6 is rock bottom now, I have learned it is not wise to broadcast your trading strategies on S.I., people reading you start copying you trading pattern and it exagerates movement especially in illiquid or volitile stocks.

Steve



To: simarx who wrote (247)7/21/1998 3:45:00 PM
From: cadson  Read Replies (1) | Respond to of 27722
 
Simarx, I think what shares were going to be sold into the float have already been sold. Two of the investors are clearly long term, one was given a board seat and the other is a major supplier. Also a large portion of the investors appear to be funds or IRA investors that also tend to be longer term investors.

Also NAVR's volume in the last 13 days has been over 40 mil shares. If they have not sold into this kind of volume I think it's highly unlikly they will sell in the near term. A new research report on the company is due out shortly. Once I receive the report I will post.



To: simarx who wrote (247)7/21/1998 6:18:00 PM
From: Andrew H  Read Replies (1) | Respond to of 27722
 
>>Steve, What bothers me is that the stock is only up because of the CBS report<<

Excuses, excuses.

Ever hear the old adage, don't fight the tape?