Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AJ Berger who wrote (4801)	1/20/1999 10:15:00 PM
From: TumblingY	Read Replies (2) \| Respond to of 27722

All, As a NAVR lurker who also lurked to a triple with DBCC, I have a question which maybe the likes of Zurdo et al could answer: is there a book you would recommend to find out some of the inner workings of The Street? I ask because with both DBCC and NAVR I read lots of posts discussing the way the MM's in particular can manipulate the price of a stock in order to buy it cheaper. Presumably they dump their holdings quickly to lower the price (?) and then buy a whole ton back when the price has dropped?? I'm interested to see how they do this, how it is justified as legal, and would also be interested to read about what other entirely ethical tactics they or anyone on The Street may have. I rather suspect I was clobbered in this way when I came to sell my DBCC, because although as I say I was fortunate enough to triple, I sold into a 3-hour slump of about $5 and it was alleged on the DBCC thread that this was the Street at work. I guess I'm looking for a guidebook to being an MM, although let me stress that's not what I want to be when I grow up :-) Thanks for your illuminating posts, all, and happy investing. (Long NAVR). Tum.

To: AJ Berger who wrote (4801)	1/20/1999 10:32:00 PM
From: LTK007	Respond to of 27722

True AJ, I see now there ratings are evidently surfer polling--but regards price erosion--I am in at 10.5 with NAVR and I remember how I sold DBCC at 10.5 to perserve a profit as it eroded from IPO announcement delay--saw it go to 8+,lost interest,and next I knew it was at 19--I bought at 19.25 and bailed at 32----but I am attempting to be more patient with Navarre--well,will see--hope that announcement is soon.Max90