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To: Annette who wrote (7883)2/16/1999 4:27:00 PM
From: LTK007  Respond to of 27722
 
Well,potholes in a rainstorm--yes,that kind of pothole---well I have been watching the ticker on NAVR for much of the day and it is displaying a weak,weak hands small investor syndrome--this IS NOT a knock on small investors(if a small stake is all you got it creates even greater tension to sell)--I am talking people ,often teenagers(these days)who have virtually all their play money in NAVR,and so they are on a tight leash--so when NASD started to downtick you see people panic selling 100 to 500 share blocks hand over fist as fast as they can click to sell---you watch this endless flow of 100-500 share blocks and bang at about 14&1/2 a 25k block goes at the bid--this is what I call a Big Bucket,as it is just sitting at the 14&1/2 gathering in all the nervous sells---this has made this a very tough play for me,indeed--this is my third round on NAVR and this one is easily the toughest--this IPO delay in reality should NOT be a big deal--but with so many small investors as nervous as rabbits
in a field of cats--this is painful to watch--hate to think I might be buying at ten--Max90