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Technology Stocks : Navigant International (FLYR) -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (313)	1/5/1999 1:50:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 725

Wallace I know that everyone has seen the FLYR chart but it is instructional. iqc.com If you look at this chart you will see that the shareholders that were given shares as a spin-off saw the value of investment down 55% as late as OCT '98. Now they see the stock approach their entry point and are "feeding" the market with shares. If you notice the volume exploded as the price approached $9 and collapsed after. What is also happening is a new base of support is being generated in the $7 - $8 area. When the initial group is finished selling it is unlikely that the new group will be selling into the market for a point or two. This is what we have to look forward to IMHO. All the best Tony