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


To: Trader J who wrote (8595)2/10/1999 10:34:00 PM
From: William G. Murray  Read Replies (3) | Respond to of 56535
 
Trader J,

Have not seen many comments on NAVR on this thread lately. I've been trading this one in and out to lower my cost basis, but afraid to not hold some overnight.

Do you consider this a dead issue? Due to the possible IPO delay?

Anyone's thoughts are appreciated.

B.M.



To: Trader J who wrote (8595)2/10/1999 10:35:00 PM
From: Trader J  Respond to of 56535
 
Highlight: ICO - Inacom Corp. - Intermediate/Long Term hold

Current Price: 14 13/16
Range: 12 3/4 - 37 1/4
Float of 11M
Short position of approx. 30%
Good Volume
Great P/E
Decent earnings after 4th Qtr. warning. and Subsequent Downgrade
Good cash
Nice Rev/Income Increase
Price/Sales of .07
Good EPS estimates

At current support level. I would even be willing to venture a trade here if we can continue volume. Where will shorts cover, soon I would guess.

I have a PM into Anthony asking if he knows anything about the high short ratio

Tj