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

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To: Imran who wrote (40)4/23/1998 5:19:00 PM
From: Mark Calp  Read Replies (1) of 2444
 
After my charting service is updated, I'll have a look at the chart and e-mail you. It was very accurate last night and indicated we might see a retracement to $1.35, so I nailed it pretty close and bought some at $1.40 and was out 2 hours later at $1.65. I'm still holding in the 5 figures.

Sales are on-going but they are waiting for a contract from one of the biggies like Delta. Whether that comes in a few weeks or months, time will tell. I do know that they are strictly going to focus their marketing on primarily the airline industry for the time being. That's where their expertise lies and is in the area which offers the most to gain.

So, for now it's anybody's guess but I believe it depends on why you bought in. I basically trade stocks; that's how I make my living. I am not a broker, just like charts, so this was a fluke re timing.
The stock will eventually consolidate and form some support & resistance levels until some concrete plans & details of their strategy form management are revealed and/or a big contract comes in. I would keep in touch with the co. Speak to Jason at IR. They are in Vancouver.(Surrey)

Later,

Mark
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