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

To: David Meyer who wrote (6572)	1/16/1999 4:43:00 PM
From: Jay Lyons	Respond to of 43080

IMON: No, I was out the first time it hit 4 1/2, didn't get back in. (To busy nursing COOL and BBBY) I found that focusing on the downgrades at the open just left me unprepared when it came time to work the gaps. I'll occasionally put them on my screen, but with the intention of playing them as gaps after ten. RMBS would have been aquite a money maker at the open Friday, however. Jay

To: David Meyer who wrote (6572)	1/16/1999 4:47:00 PM
From: SteveDavis	Respond to of 43080

David, The parent company does benefit from the aftermarket in the stock. In the same way Bill Gates is deemed to be rich by ownership of the vast number of shares in MFST. However, his stock is restricted and not counted in the float but the stock is still valued as to the closing price of MFST everyday. So NAVR does receive the money when the company goes public, say at $15 per share, but the remaining shares that the company holds in the new company that went public, NETRADIO.COM will have a value of the market price of the float. At some point in the future NAVR may decide to have a secondary offering and sell more shares which will tend to depress the price somewhat, depending on how NETRADIO.COM has performed in its business. Also, keep in mind that the management of NAVR may be given some shares as compensation which will have the same value once the restriction is lifted. If the IPO is as successful as MKTW it will enhance the value of NAVR very much. Steve Davis