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

To: ChrisJP who wrote (420)	11/19/1998 12:16:00 AM
From: Nathan G	Respond to of 27722

Now that was real weird.I got off the computer for a few hours expecting NAVR to stay @4 1/2 to 4 5/8.All I can say is that the momentum in e-commerce stocks is here especially those spinning off IPO's like MALL's 0.80 stake in uBid and DBCC's 0.50 stake in marketwatch.com IPO which also ran today.I think it fizzled out due to some shorts,warrant selling from a private placement,and was a little overbought from its previous run from 3.Really nothing to worry about. I've been watching the trading logs for the past few days and have been noticing slow and steady accumulation but warrant overhang has kept the stock back.It will stay in this trading range unless it gets a sizable amount of volume over 2-3 million shrs. Of course I probably don't know what I'm talking about.But my gut feeling says this is a good stock to watch for movement and an impending breakout.It had two mini-breakouts when all the small-cap stocks came off their 52 week lows in late Oct early Nov.A lot of stocks since then have made very big moves like EGGS from 4.5 to 16.COOL,DRIV and countless others.NAVR still has a ways to go.It still didn't have a real heavy volume day, and that day will come as the season gets closer and the net-radio IPO gets registered and priced.I'm hoping NAVR reaches $12 in January.