Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (1137)	12/20/1998 1:05:00 PM
From: RockyBalboa	Respond to of 122087

XCR, I watched NAVR closely and found it doesn't like to go under 8+ - 9 for a reason I don't know. Just hovering there. A bit like DBCC awaiting some big news (IPO?) If you look the chart in December the 8-9 area is sort of a base. Honestly, if you didn't supply the name of the stock and show me the chart I would wager a long position (as i did in BAMM during the AMZN wild ride). Well with the vast amount of shares outstanding and traded it has been difficult to lift it. If there was no conversion earlier (more than tripling the free float), the stock would have been at $40-$50 definitely. Others, like BAMM before the insider sales or uBID or INSP or even COOL have been easier to lift as they are much tighter and there is no share supply and what is supplied in the momentum day trading does often come from daytrading shorts. As ever, in November alone almost 2.4 Mil appear to have been printed. What we probably never find out is (when NAVR was at 27) how many shares were poured into the market, even on a short basis by the big players. Also the friday spike was used to sell it down (from 10 3/4 to 9 5/8), which makes the whole story smell. Other stock with a sound outlook would have acted better. And then I attribute the fact that such shares are literally unable to borrow at any U.S broker is due to the fact that marginability has been waived and the shares on the "street" are simply put in not-margined accounts, so inhouse you get no borrow, either. The rule seems to be valid that such shares can't be lent out to cover a short sale securely, I think "the Street" is not really short NAVR. Without the possibility to sustain a short position it makes no sense. I eagerly await any official documentation of the end-of-December share count...Just want to see how much they ferret out and how much warrants and convertibles are left over. Did you know that the company had the right to cancel and repay the outstanding convertibles and warrants in special cases, presumably applicable now? I posted the according paragraphs in the S-3 earlier in the PV thread. Do you think that "taking no action here despite the S-3 reg. offered the possibility expressis verbis" could costitute a damage done to ordinary shareholders by preferring the convertible holder on a voluntary basis? Still, as it is NAVR I will be careful both ways. As I read, I'm pondering a different thing: long WCAP against a proportional short COOL, making use of the improvements in WCAP - IPO planned and the fact that $9 (roughly $6.75 after atrributable income tax) consists of COOL. Which is roughly: long 5000 WCAP against short 800 COOL. C.