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

To: Scott Kleinhans who wrote (4140)	1/13/1999 9:34:00 PM
From: Trader J	Respond to of 27722

For those of you looking for another vote of confidence here. This was my post at the DBCC vs NAVR thread: --------------------- Tracy - NAVR vs. DBCC. Institutional ownership means nothing here and, in fact is a negative going into high valuation conditions that exist now. DBCC's 38% ownership post IPO of MarketWatch is not enough to bring a good valuation anywhere near where it is now, even with a ludicrous pricing on Marketwatch....they simply share too much. The institutionals at this valuation will eventually run for cover, happens all the time in these situations. And you don't want to be anywhere near this issue when that happens and there isn't enough to support the price. NAVR has 1/3 of the float, 85% ownership of NetRadio, trades at 1/3 of the price, has no street coverage other than individual investors, and has an enormous short ratio. The 85% ownership of NetRadio alone is enough to support current prices. The lack of coverage on this issue is a positive as it is always best to be on board before coverage rather than after. Sure institutionals bring some support to an issue, but not an issue like this with this current valuation. The shorts will be forced to cover as the IPO news is announced which will help, not the end all, but still buying support nonetheless. But the best fact is that it trades at 1/3 of the price that DBCC does without even a formal announcement. I was in DBCC as well, and did very well, but you must look at things unemotionally and scrutinize everything, including the risks with the Inets at the moment. Nothing in that sector is easy money right now. Good luck to you.. TJ techstocks.com