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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: David Graham who wrote (6264)	12/19/2000 5:24:37 PM
From: jef saunders	Respond to of 14101

sold 600 shares at 7.8. still long 11.5k shares. the short term direction is down. will keep going until the next wave of institutional buying. that happens either when they've a) pushed the shares far down enough that they are happy with the profit margin or b) news announce. i'm not counting on b) soon. imho. either way it goes now, up or down, one of those positions, the cash or my remaining shares will become more valuable. jeffS p.s. with the naz so far down and lots of stocks becoming bargains, i would think an institution would rather make a short term purchase on a naz star than a longer term dimethaid committment.