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Gold/Mining/Energy : Mercury Scheduling Systems Inc. -- Ignore unavailable to you. Want to Upgrade?

To: York Nau who wrote (329)	7/1/1999 6:18:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 437

Don't know York, but THRILLED to be buying them at $1.11 and 1.13! :) Kevin

To: York Nau who wrote (329)	7/2/1999 11:11:00 AM
From: Kevin Hamlin	Respond to of 437

MRY seems to be firming up. It's about time! Far far oversold i.m.h.o. with all that the company has going for it. Regards, Kevin

To: York Nau who wrote (329)	7/7/1999 1:31:00 AM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 437

Here's a few thoughts on MRY. I had some time so spent a few hours and went back through a lot of data. I ran the month by month house positions for 8 of the largest houses that move in/out of MRY all the way back to January of 1998. By far the biggest net buying over this 18 month period has been through Sprott (up 2,224,000) and Nesbitt (up 2,181,000). Following these two is DS (up 1,018,000), Yorkton (up 563,000) and Levesque (up 562,000) There are several others that are quite nicely on the plus side as well, but these are the main ones. So most of what I pay attention to is the buying of/through Nesbitt and Sprott. Nesbitt's buying is quite interesting recently. Here's why: Going back several months, Nesbitt was doing some very large buying in November (+215k), December (+593k), January (+387k) and February (+222k). After this period though, they've been pretty quiet...still on the buy mostly...but not as agressive. In April, they only bought net 14,000 shares the whole month. This past May, they actually sold 12,000 shares (which by the way was only the second time they ever net sold over the entire 18 months....the other time being October 98 for -65k shares) What has caught my eye is the return to stronger buying in June (+90,000 shares) and after only 3 trading days so far in July, they're already up almost 60,000 shares. Is MRY oversold? They seem to think so!! The other thing I find quite encouraging is the sheer volume that just a couple of these houses have been accumulating over the past 18 months. The float on MRY isn't that big (16.5mil) and right off the top I can see well over 1/3 of these shares that look to be in strong hands courtesy of Nesbitt, Sprott and DS. So why the drift down? It bugs the heck out of me, but it's trending on low volume with mostly retail guys tripping over each other. Someone at McDermid in particular is pretty whiny and is selling, but from what I can see, it is a pretty minor position held through them. A couple of times MRY has tried to break the trend, but hasn't yet, and so the trend has continued over the past couple of weeks. Nesbitt has definitely stepped up their buying at these levels which is good. They're definitely worth keeping an eye on for cues. If their buying continues (which it certainly looks like it will) and the others step in too...then MRY is off and running again. Perhaps the Nesbitt buying is the signal that MRY is about to break the trend. Frustrating to watch at the moment...but with a return to bigger buying, an ever-tightening float, and the right news from the company (which I fully expect given the great track record of the company over the past year), MRY should bounce back very nicely. All of the above is just based on the trading patterns I see and completely overlooks that I think MRY is a good company with a bright future!! As they say, buy at the bottom! (By the way...bought some more today too!) Best regards, Kevin

To: York Nau who wrote (329)	7/7/1999 7:25:00 AM
From: Kevin Hamlin	Respond to of 437

Another interesting way to look at things is to take a look at the period of biggest buying for Nesbitt and Sprott, that being from November 98 to February 99. What is intriguing is the average cost of these shares...MUCH higher than current levels! During that period, Nesbitt bought 1,417,000 shares. In November they bought 241,000 at an average of $.95 In December they bought 593,000 at an average of $1.27 In January they bought 387,700 at an average of $1.38 In March they bought 222,250 at an average of $1.59 Also worth noting is that Nesbitt went on to purchase 88,000 in March at an average of $1.74. Their buying is continuing as well, purchasing over 150,000 shares in June and July. My point is this. It would be quite easy for either of these houses to show some "discouragement" selling. Instead, they're continuing to buy more. As I said in my last post, Nesbitt looks to be starting to become particularly keen to buy at these levels (while they can). Here are Sprott's numbers. In total, from November through to February, Sprott purchased 1,169,000 shares In November they bought 466,000 at an average of $.94 In December they bought 252,000 at an average of $1.14 In January they crossed 200,000 at a set price of $1.44 In Febrary they bought 251,000 at an average of $1.59 Also worth noting is that Sprott went on to purchase 116,000 in April at an average of $1.60. Their buying is continuing as well, purchasing over 150,000 shares in May and June. My point is this. It would be quite easy for either of these houses to show some "discouragement" selling. But they're not...not at all! Instead, they're continuing to buy more! As I said in my last post, Nesbitt appears to be more aggressive in their buying at these levels (while they can!). The average costs of the purchases of both these houses during the November to February period is quite a bit above current levels by about 30-40% (rough estimate). Just my guess, but if there are some big holders buying through these houses at all kinds of levels, even up in the $1.70's, then they are obviously expecting quite a return on their investment. Will this return materialize? I fully expect that it will! <gg> Regards, Kevin