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

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To: DAVID IN B.C. who wrote (1211)8/12/1998 4:45:00 PM
From: Tim Cruise  Read Replies (2) of 2444
 
Management really screwed the little guy on this one. By delaying the news release for so long, whilst the whole time bragging about it's inevitibility, caused too many sharks (like me) and day traders to circle around.

This excitement allowed cheap paper to be sold into the hype by insiders (I assume, but we won't know for a month or so), and setting up the fall on the actual news as the sharks unloaded. This is a very dirty game.

On a lighter note, there may still be hope. Has anyone looked at the chart for trading days following the last "big" news which took the stock up from $1.80?

Bothered in Bermuda,
Tim
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