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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (10270)	3/5/1999 1:00:00 AM
From: Trader J	Read Replies (4) \| Respond to of 27722

NAVR - I believe it will have its day, but it has not seen the low yet...I still think we will see in the neighborhood of 10-12, I feel closer to 12. I don't think 8 will be seen, now that the S-1 has been filed, the anticipation will hold the stock higher than would have been otherwise. Psychologically speaking, traders see too much potential value to let it slide below $10. I can see $30/shr. relatively easily, but the increased number of shares could hurt that number a bit. But when analyzing recent spikes based on the news, one can see what could happen here. It has all the making of another DBCC but will be very dependent on market conditions and Inet issues as a sector. The boredom factor could take its toll as well, people are tired of waiting and the sex appeal is largely gone at this point, as has the near panic buying of Inets that so often occurred. Going into what is typically a shakey period for stocks, combined with a rising interest rate environment, and market uncertainty .... I would put my target somewhere, now, between $25-30 on the day before the IPO, after that.....short city. This issue will be playable by both the shorts and longs .... but I personally won't be caught shorting after next week, too much to lose, too little to gain. You just never know. Tj