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

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To: xray who wrote (547)6/16/1998 9:26:00 PM
From: David in Ontario  Read Replies (1) of 2444
 
Brad Aelicks has considerably enhanced his position in NIR

X-Ray: Thankyou - and yes my numbers are correct as you say.

Yes - Aelicks has purchased and sold NIR this year - so?

On 15 April 1998 he held 681,000 shares of NIR
On 27 April 1998 he held 1,766,600 shares of NIR
(latest insider trade reported - 22 May)

I suspect that he may be over 2 million by now.

Recall the market response to the April 21 news and the anticipated base that NIR would reach: $2-$3 - well it's been there for seven weeks now and NIR continues to hold a solid base. Rather remarkable - given the lack of fundamentals from the company. However, Brad and his team are putting those together now - so what's a little time here or there. I can afford to wait for much better News than I had expected - I know that you can as well.

Investors are perhaps just a tad smarter than you give them credit. You appear to spend a lot of time on the 'short' and 'day trading' threads - should that mean anything to us here? If you're shorting NIR - do you know what you're doing? I don't see a broken stock (shot fundamentals) and declining share price on increasing volume - two factors to consider when shorting a stock. Well that's what the experts tell me (see Gary Smith - the Technical Analyst at thestreet.com )

The broad consensus in the financial community is that if the boss is buying his own stock - big time as it appears here - then that's considered a rather good sign - I tend to agree - don't you?

Any comment on Ford's, Amoco's and Textron's involvement with Napier/ICI? The News is going to read rather well wouldn't you say?

David in Ontario
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