To: Lynn who wrote (10042 ) 3/3/1999 6:26:00 PM From: stiltz1 Read Replies (1) | Respond to
Time for interpretation: even though I bought another 1000 shares at 16 1/8, this action doesn't bother me at all. For one thing, shorts were out in force: remember, teh figures on short interest? dramatially down, even more so today. many traders religiously follow the axiom: buy on the rumor, sell/short on the news -- for example, our friend anthony. Many were selling into buying pressure, not wanting to wait for the ipo. However, remeber the conference call, those of you who listened: almost every question came from small investment and capital companies, controlling, what anywhere say from 1-10 or 15 million of assets? That would be a fair guess: these guys do not walk away from a stock like navr; they will soon be accumulating, probably even tomorrow: the fifteens will be a memory inside of a few days. Shorts who follow anthony like some kind of God will find themselves terribly squeezed; it would even make sense for the capital/investment groups to enter now and provoke a short squeeze; that would make sense to me, would increase valuations.
