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

To: Cal Gary who wrote (8436)	1/17/2002 12:02:52 PM
From: Cal Gary	Respond to of 14101

Without a doubt we are in another round with Acqua. The last two days trading was very tentative. Almost peek-a-boo like. I guess everyone is looking for shadows or is it the Acqua semi? Hi Joe, according to the trading record, and a $4mm draw, the three banditos may have over shot the runway by about $0.58m (read $580,000) or 131,000 shares in their hedging operations. Actually, depending on the start date used for the 20 day period, I can make a case for overshooting by $700K. Give 'two and a half' days of data, this next draw should be smaller than the last. They've already hedge at least 500K to 700K. Its looking like they are on track for $2.1mm this '20' day period. So they may NR $2.5mm - $2.7mm in February. Just guessing. The 3 banditos may require the skills of only 2 banditos this time around. They may even be done for today.