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: chris who wrote (1142)	8/11/1998 2:17:00 PM
From: David in Ontario	Read Replies (2) of 2444

Hi Chris - this is what I've heard: I've said this before - but I'll repeat again - from what I've heard and been told. The next level of support for NIR is expected to be around $5+ post-News. Since the last News we have held very nicely at $2+ - now that number is expected to be holding 'very nicely' at $5+. The expectd run up in price is expected to be 50% over the next anticipated level of support - so the 'thinking' is that NIR will run up to at least $7.50 before profit taking leads to retracement back down to the $5+. However, given that there is a broader investor involvement in NIR - and that NIR is so much better known now than back in April - and as the News is anticipated to contain fundamentals - which is what the institutions have told Napier they want to read - then if we run up to $10+ - it would not be at all surprising. If there is a solid rebound by the NYSE/Nasadq/TSE - then we could go well above $10+ before retracement. IMHO, David :-)

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