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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (6499)	1/15/1999 12:10:00 PM
From: Jay Lyons	Respond to of 43080

NAVR Long modified gap up at 18 1/4

To: tom pope who wrote (6499)	1/15/1999 12:15:00 PM
From: LastShadow	Respond to of 43080

IMON Actually, this one is showing afairly predictable buy/sell pattern. I got quite a few pm's about this one after about 11:00 am. I wouldn't call it hype since I believe all of them honestly believe this is the next high flyer, and it could be. The only problem is that the only large blocks I am seeing are sells. If its all less than 5k shares, then we are looking at another GBFE - which isnt to say its not a profitable play. I plan to revisit it around 3:15 and watch 15-30 minutes of action to see what goes on ith it, as well as check on it this afternoon now and then. It could be good for a weekend pop. But I think anyone who is looking to accumulate now for a longer hold would do better to wait and get a decent entry when the daytraders are done jerking it around for quarters. I think it is one worth watching in the next few weeks. For whatever its worth, it has not broken the lower intraday trendline since about 10:30 this morning. But if it goes back to $4, it will. lastshadow