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

To: Cal Gary who wrote (10130)	7/8/2002 1:40:46 PM
From: Joe Krupa	Read Replies (2) \| Respond to of 14101

Hi Cal, Research Capital is certainly on a mission. Week 3 now. "Also surprising short data for latest period" Yes and no, IMO. I think the next short report will be down. Only 5 days in the period just reported were post-Friday breakdown. It was in the later half of the week that the stock was getting weaker and looking like it had lower to go. Then on Tuesday, July 2, the price really started to move as a result of Research Capital - I don't think anyone expected this. Part of the fuel that took us from the upper $2s to the upper $3's last week was a mix of Research Capital and short covering, in my best guess. When the shorts saw they were losing their window of opportunity, because of what was turning out to be a large accumulator, I bet some covered in a hurry. This activity will be recorded in the next short report. joe