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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: SteveDavis who wrote (4633)	1/15/1999 6:51:00 PM
From: Wes Stevens	Read Replies (2) \| Respond to of 56535

DBCC fell back because is ran well past where the marketwatch ipo could take it. When people finally ran the numbers, or listened to someone who did, they ran for the hills. With DBCC I had a good idea going in what it was worth if MKTW made a good run. I figured it was around 25 - even there I had it too high. Before it got there a few sources said it would run to the mid 30's. When DBCC hit 35 the first time I had a standing sell order in. I never touched it again. We need to take a look at NAVR when they announce the ipo and figure out what every point up the ipo takes means for NAVR stock. Then you can take a look at MKTW and at least get an idea of what NAVR will be worth after the ipo. I will do the same thing again - put in a limit sell order. It may run past that on hype as DBCC did, but I will sleep well.