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: Tim Cruise who wrote (1459)	8/25/1998 11:19:00 PM
From: David in Ontario	Read Replies (1) of 2444

Tim - a thought before bed I've just reread your post again and I'm reminded of this truth: For every seller there is a buyer - there was a lot of selling today - but just as much buying. Don't forget that. Midland grabbed 7,300 at the close, and TD Greenline grabbed 20,000 at 3:38 PM. Whether it's shorts covering or others buying on the long side - it doesn't matter - people continue to buy. We seem to be testing for a bottom as the close is above the low for the last four trading days. Here's my two cent's worth: if we see a continued trickle of shares on the ask downside and sales at or close to the bid on the thin volume - with the occasional stop loss kicking in - then we may go lower. If we see a higher frequency of larger-sized bids start come in - like the TD Greenline and Midland buys during the last half hour of trading today - but more of them during the day - then we will likely be close to - or at - the bottom (for this cycle), well flatten out and rebound. From a technical point of view it's very interesting to follow the dynamics involved with NIR over the last 12 months. Till tomorrow, David.

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