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Technology Stocks : Navigant International (FLYR) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Macnamara who wrote (606)	5/2/1999 2:46:00 PM
From: Rob S.	Respond to of 725

I don't think the company has been purchasing their shares - at least not until after the earnings were released. Adams said during the conference call that they were advised not to purchase during the "quiet period" leading up to earnings release. This is normal - a company can't do much that directly affects the stock price during this period. I'm not sure if they are now free to purchase or if there is also a period after earnings are released that they have to wait to enter the market. The best way to find out is to call the company CFO and ask directly. This should be a matter of public disclosure so don't let them stonewall you on giving it out. ----------- Take a look at the charts on Navigant: quote.com The accumulation indicators are very impressive - confirming what we already know: money is coming into the stock in a big way. The MACD, MACD-HIST, and OBV all point to the trend - strong accumulation. In general, these indicators turn up as buyers out swamp sellers and more purchases go through on the up tick. The Donchian Channels (D) shows an upward movement, the first since January. This indicates the trend appears to have turned up. That may seem obvious but it took that strength of the recent move to turn this indicator positive. The stochastic indicator, a good short-term tool when used in context with other indicators, has reached toward the upper bounds to about 90 (100 being pegged). This indicator is bullish but should be watched closely for one of the indicators of the stock moving "too far too fast", particularly if the stock moves up another point or two in just a few days. The bollinger bands indicator is also bullish. My read of this, combined with other indicators, is that we may see a pull-back to 6 5/8 early this week, particularly if the overall market and net stock sector offer a sour climate but the bullish trend should move the stock at least to 7 1/2 or 8 during the next week or two. At that point it may come under increased overhead resistance and take some time to absorb the old fogies ( ; ^) who have held during turbulent periods. I look forward to any pullbacks as a buying opportunity, (an over-used term). The stock is still on the first leg of a breakout and the TA has yet to show the kind of strong trends that draw pure technical traders. Until the next leg up it is still a matter of conjecture that the downward trend has truly reversed and a retest of the 5 or 5 1/2 level isn't likely. My thinking is that the stock is shifting into "stronger hands" that won't as easily drop it because of short-term conditions. Any additional buying due to company repurchases or added analyst coverage or changes in forecasts (something that I think is very likely), will in the least serve to absorb willing sellers and more likely drive the stock up further as the sellers get taken out. ----------- My final comment: Now is your chance before this turkey stock plummets! Sell!!! Sell!!!, Sell!!!

To: Patrick Macnamara who wrote (606)	5/4/1999 7:14:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 725

Nice close . . . despite the sell-off in the Internut sector toward the close Navigant finished up on strong volume. I see that FLYR traded as low as 6 1/4! What nervous nelly sold at that price? I should have got my order in early today. I was surprised to see it close up because of the rotation out of tech and Internet stocks. We may see some choppy action for a while because the confidence in the Internuts is continued to be shaken. Unless the entire market collapses, which is very unlikely, IMO, Navigant will at least hold at this level and continue to consolidate the recent gains. Then up to about 7 3/4 -8 by the end of the week or early next. In the morning I will get some low ball orders in place just in case it moves down on low volume again like it did today. I think the buyers will come back in whenever it drives lower. Navigant has filed for repurchase of 1.5 million shares - that should help hold a solid floor.