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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?


To: xray who wrote (547)6/16/1998 9:26:00 PM
From: David in Ontario  Read Replies (1) | Respond to of 2444
 
Brad Aelicks has considerably enhanced his position in NIR

X-Ray: Thankyou - and yes my numbers are correct as you say.

Yes - Aelicks has purchased and sold NIR this year - so?

On 15 April 1998 he held 681,000 shares of NIR
On 27 April 1998 he held 1,766,600 shares of NIR
(latest insider trade reported - 22 May)

I suspect that he may be over 2 million by now.

Recall the market response to the April 21 news and the anticipated base that NIR would reach: $2-$3 - well it's been there for seven weeks now and NIR continues to hold a solid base. Rather remarkable - given the lack of fundamentals from the company. However, Brad and his team are putting those together now - so what's a little time here or there. I can afford to wait for much better News than I had expected - I know that you can as well.

Investors are perhaps just a tad smarter than you give them credit. You appear to spend a lot of time on the 'short' and 'day trading' threads - should that mean anything to us here? If you're shorting NIR - do you know what you're doing? I don't see a broken stock (shot fundamentals) and declining share price on increasing volume - two factors to consider when shorting a stock. Well that's what the experts tell me (see Gary Smith - the Technical Analyst at thestreet.com )

The broad consensus in the financial community is that if the boss is buying his own stock - big time as it appears here - then that's considered a rather good sign - I tend to agree - don't you?

Any comment on Ford's, Amoco's and Textron's involvement with Napier/ICI? The News is going to read rather well wouldn't you say?

David in Ontario



To: xray who wrote (547)6/17/1998 10:55:00 AM
From: chris  Respond to of 2444
 
It's obvious he's in the buying mode. Or maybe it's just a cover up. Wait, what does he have to hide? The facts are: he is investing his own money (or profits) in something he believes in. Why invest," money in the bank", in something you have the most knowledge on, if there is a chance of losing it? There could be much more insider selling at these prices for huge profits, but there isn't. Just alittle profit taking, which can be understood, especially in this market. Be careful, xray.