SI
SI
discoversearch

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: Mr. Twister who wrote (6300)2/4/1999 4:21:00 PM
From: Edward Y. Lee  Read Replies (1) | Respond to of 27722
 
A director has elected to sell 122,000 shares!

Found out on the news section.




To: Mr. Twister who wrote (6300)2/4/1999 4:27:00 PM
From: Guidothecat  Read Replies (1) | Respond to of 27722
 
NAVR the software company!

Sure like the quote from TGLO CEO Todd Keizelman >>>

"Navarre has tremendous experience in Internet Distribution
fullfillment and is rapidly becoming the leading distributor
for E-Commerce sites",,,

NAVR is designated a|"Strategic Fullfillment Partner",,,


This sounds very good!



To: Mr. Twister who wrote (6300)2/4/1999 4:48:00 PM
From: Lane Hall-Witt  Read Replies (1) | Respond to of 27722
 
There was almost no volume on that takedown from 19 1/2 to 19. They were just trying to dramatize the weak close. The more legit price would have been 19 1/2. The news with TGLO should help offset worry about the close. Don't know if we'll gap up or down: probably more or less neutral. After-hours prints are mostly ranging from 19 3/8 to 20 in relatively heavy activity, for what it's worth.

The solid volume between 19 1/2 and 22 is a good sign, I think. There were some 2.5-2.7 million shares bought in that range today, which is a substantial portion of the float and therefore a good step toward basing at this level. (Daily volume reflects double-counting of shares, according to Nasdaq practice.)

NAVR didn't fare too badly on an extraordinarily weak day for the Nasdaq and especially the tech sector. The pros were angling for a meltdown all day. First thing I heard this a.m. on CNBC was some analyst saying that the Nifty Fifty would sell off heavily. At the close, there was a Merrill Lynch analyst predicting a 50-100 percent retracement toward October 8 lows: expects Dow to hit 7500-8500. A big CNBC story all day was another analyst (I think Morgan Stanley) who cut back the stock allocation in his model portfolio to 50 percent. It's hard to tell without analysis what all of this will really mean, but it sounds to me like the pros want to put some of their sidelined cash to work: induce panic selling to get some good buy-in prices. I hope we get down to October 8 levels again: what a great place to buy and enjoy another rally. It's just a matter of being patient on the way down.

NAVR, as an "event" stock at this point, should be relatively immune to these broader market forces for at least a while longer. The mania in the e-brokerages shows that rampant speculation is still alive and well among the trader crowd: let's hope it comes this way!