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

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To: xray who wrote (1452)8/25/1998 4:24:00 PM
From: David in Ontario  Read Replies (2) of 2444
 
xray - a question

Any comments on my post directed to you last night about the shorts selling small packets on the bid to push the price down? Should be able to do it if you're holding enough stock. A bunch of margin calls and stop losses are also kicking in - saw some big ones today - ouch.

I spoke to Jason today and I have one other to track down then I hope to have enough to post their take on the recent action. However, in brief - the stock is being manipulated right now - "systematic collusion" Jason said by a group of speculators I imagine. In any case it's turbulent - and smoother waters lay ahead - and as I don't day trade NIR this volatility doesn't bother me - the potential going forward is great. Holding long :-)

David.
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