To: HEXonX who wrote (217 ) 3/31/1999 1:57:00 AM From: BANCHEE Read Replies (2) | Respond to of 350
HEXonx No rumors I've heard..VVTV has been moving a couple of points below NAVR. Which owns about 85% of NetRadio. VVTV owns about 15% of NetRadio. Rumors of better than expected earnings pushed VVTV ahead of Navr. So traders bought on that rumor and sold on the earnings report. Some stayed longer hoping for a run up on the stock price. When the price of the stock started to go down, the rest of them sold. I believe that now the buyers will come in and set the stage for the IPO run and that we will also pick up some investors for the long term. NAVR has a larger percentage of the IPO but I believe that VVTV has better fundamentals..I'm playing both of them but will also keep some VVTV for a long term hold. If we get some coverage by Wall Street and some good news releases, VVTV could move nicely. This is a hard time because we could move at anytime and if you are not in VVTV now, you could wind up chasing the stock to higher levels. Look at the movement of ZD today. From 22 to 29 a big jump in one day. Their IPO is getting priced on Wed, I believe. Granted that we don't know when the NetRadio IPO is going to be but the S1a could be filed anytime if the is going to be one..And buying @ 13 is better than 15,18, or what ever.I have some more buying power left and will save that incase it goes lower.. but it has been holding well so far around 13+. a little dip to 12 1/2 today and we came right back....good sign.Also there were a few 10,000 buys today that I saw..................... NAVR has been holding up also,,Hold on, I just check NAVR chart today and it ran up towards the close...11 3/4 to 13 1/2..See what I'm talking about...you never know... I'm going to check the NAVR thread to see if anything is up... Banchee