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To: Paul A who wrote (3627)	1/8/1999 4:09:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 27722

<< pray for a close above 13...>>...Answered prayer-- 13 5/8 x 13 11/16 TG

To: Paul A who wrote (3627)	1/8/1999 4:17:00 PM
From: Eric	Read Replies (1) \| Respond to of 27722

NAVR acted beautifully today ... one big surge and then the rest of the day to consolidate the 20% gain ... let the shorts pile in ... allow the weak hands to sell out ... This is much better than having a 100% spike and only to lose it all in the next couple of trading days ...

To: Paul A who wrote (3627)	1/8/1999 4:35:00 PM
From: Dave	Respond to of 27722

Paul, <<Im very amazed with the trading activity and how they held it down>> Who is "they"? <<very weak close>> I wouldn't call it weak or strong. After the run up this morning, it formed a flag (albeit a sloppy one) and then held pretty much even between 13 & 14. <<why would such a short position be built with pending news?>> People may be nervous since I believe this IPO was delayed last summer. Maybe they think it will happen again. <<These folks arnt fools- they obviously know whats coming>> The longs don't know any more than the shorts and vice versa. And neither one "won out" this afternoon. If anything, the longs won...the stock did close up. Which MMs were on the bid vs ask and what was happening as the price attempted to move up or down? Whatever your position, good luck.