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

To: thumbelina who wrote (5669)	1/22/1999 1:26:00 PM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 56535

As far as I know, there is no "number" on NAVR. No analysts cover the company. NAVR is strictly a story stock at this point. If they don't announce the IPO, we'll see another selloff, followed in short order by another buy-in as traders try to time the IPO. The earnings numbers themselves will probably have little impact over the time and event horizon that interests most of us.

To: thumbelina who wrote (5669)	1/22/1999 2:46:00 PM
From: Trader J	Read Replies (2) \| Respond to of 56535

Agio: NAVR - IMO earnings do not mean a thing here unless they beat their number. They could miss by .10 and I don't think anything would happen. There is only one item that is moving NAVR....the IPO of NetRadio, and little else. Everyone wants to own the next MALL, DBCC, etc. and everyone knows about NAVR. The traders are trading it and I do not worry about the longs being in as the float is turning over rapidly. There will be some news based exiting, but I think we are a long way from the top. As long as the Inets hold up. Tj