Napier International Technologies Inc. (T.NIR) Message Board

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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)

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To: xray who wrote (598)	6/24/1998 6:47:00 AM
From: David in Ontario	of 2444

Xray - the shorts are going to get crushed Here's the latest short position for NIR taken from the Stockwatch site. It looks like a little headway has been made - but when I look at these figures - all I can see is pain - lots of pain ahead for them. Some more headway may have been made yesterday (23 June) with NIR down to $1.95 (these numbers are good for 22 June). However, there's a long long way to go for those taking the short side of the aisle before they can feel comfortable - and I just don't see it happening for them. Report date Volume Change 1998-03-05 0 -1,580 1998-04-21 137,400 18,900 1998-05-25 335,800 153,800 1998-06-05 285,648 -50,152 1998-06-22 280,950 -4,698 With all the we know which lies ahead for NIR - with the 'more good news' third quarter financial statement due to be posted on SEDAR by next Tuesday - the 'big News' release which could happen any time - tied to the others players that we have been able to identify - for me these short positions spell nothing but disaster for short sellers who treated NIR like another VSE speculation play. I'm picking up some more today :-) David in Ontario

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