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

To: Wes Stevens who wrote (8232)	2/8/1999 10:45:00 PM
From: Trader J	Respond to of 56535

NAVR - Remember what the eventual result will be. If you can set your eyes on the horizon and close your eyes to the near term bumps, you will be ok. This game is run by traders now, in for the short term only. Just because they leave tomorrow doesn't mean that they won't be back. The IPO will happen and tomorrows valuation will be cheap when looking back from the IPO date....whenever it may be. However, management is losing credibility and this is not helping. Each time they do this, they will lose some of the momentum. If I was holding, knowing my style....I would probably sell 1/2 if I could get a good price and wait to average that 1/2 back in at a lower price. This NAVR has been quite the roller coaster. From 5 to 27 to 6 to 15 to 10 to 19 to 11 to 21 to ? This is by far the issue that I have traded the most. I will be watching along with all of you, and may reenter if the price is right. Good luck but remember to make smart decisions, not by emotion alone. Tj