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

To: xray who wrote (608)	6/24/1998 11:41:00 PM
From: David in Ontario	Respond to of 2444

Welcome J.Mcguire to the party: A number of folks thought that NIR was just going to be another speculation play and therefore ripe to play on the short side. I don't know why anyone with half a brain would not do the research first before taking a short position. I look at the latest short numbers - which xray posted at '280,000 and counting' and all I see there is a lot of pain to come and a disastrous short call by some folks. NIR is definitely a stock to take a long position in - it'll do very well for you. Keep posting your thoughts and comments to the thread, David in Ontario +++++++++++++++++++++ You may not be aware of the NIR thread on the Stockhouse site - and I can't resist - so here's my latest post there as an FYI for you: * Calling dubsy, i858 - and bean boy (at the Stockhouse NIR thread) Response to all - so it's a long post Dear Dubsy: I do have some emotional attachment to NIR. It's our little sweetheart that we are supporting - with the big prom just round the corner. Yes - a stock is a stock is a stock - a vehicle to use in wealth generation. Why be so mechanical in the market - why not enjoy the stock while you have a position - makes it more interesting. Those that `are in love' with their stock will ride them into the ground before they let go. It's somewhat easy to buy - but much harder to sell. I held MSFT, MX.TSE, BSP.TSE plus others for a while - but even though each had good long term prospects I let them go (for now) for NIR - even my beloved MSFT. I believe that NIR is the vehicle to get me to where I want to be in a year. I've said many times before that - with some others here - NIR is an all-or-nothing call for me - first and last time that I do it - and once I start to take profits then I'll diversify - and put say 20% in something more conservative - like money market funds or similar - so that I can use those funds to buy in market downturn. The rest will be in stocks with strong growth potential. I thought about the CSI course and I may take it sometime. I've had so much tertiary training (attended four universities in Australia, US and England) that taking another course isn't always the best options for me - as I just avail myself of the resources required and teach myself - but the CSI course will I'm sure help to fill some gaps. To answer your other questions: (1) One of the SV-35 variants may well strip the logo off golf balls - but why not just order some blanks and have your own logo applied! (2) No - I will buy whenever I have the cash on any given day. I'm doing this because we are so close to the big News release that I don't want to get caught out - this week I've made purchases of 400, 300 & today 200 shares. What if I'm holding the cash for these 900 NIR - and there's a trading halt tomorrow - with a rapid run up following NIR's release for trading? I would be left short some NIR - I wouldn't have 900 - probably 700, 600 who knows - and I would certainly have lost some. Yes - I am paying a brokerage commission each time - but for orders of this size - it's less than $25 anyway - I get a 20% discount with Scotia McLeod for internet orders. Given where NIR is at right now - and with News imminent - I've `blown' and extra say $50 on brokerage commissions this week - but I'm up 900 NIR on the week!! I think that's a small price to pay for the extra shares - what are they going to be worth in six months? If News wasn't imminent - then yes - I would hold off for a while until I had enough for a larger order. (3) Insiders selling - one of my sources told me why one Insider had reduced their position since January - may be up now form their lowest balance (haven't checked) - but it was done for reasons that had nothing to do with the company. I said that I wouldn't mention the reason publicly - so sorry. If Insiders were selling big time - then why hasn't there been that big $2+ dump by them? They have had over eight weeks to do it now for shares that most acquired for just cents. Yes - if there was a wide scale evidence of Insider dumping - then I also wouldn't be here - but it just hasn't happened - nor I suspect will happen now. If it was going to occur then it would have happened by now - and most likely starting at $3.50 or above. (4) I just try to grab as many shares as my broker can grab for me. My orders reflect the maximum number that I can buy to the nearest 10 or so. Sometimes it works - others not - but I'm holing ,*20 NIR right now. Dear i858: Nice to read of your SV-35 order. I probably post too many loooongg posts - but you should have a good feel for where I'm coming from by now! Dear Bean Boy: Still sending Private Messages to me at SI. Here's the latest: ++++++ To: David in Ontario From: lentil Wednesday, Jun 24 1998 2:26PM ET David_the_hopeless_sycophant, nice advice to Chris, urging an order first thing. You accuse ME of trying to get people to trade? What a joke. ++++++ My response: Bean Boy - I told Chris what I would do given his circumstances. Why let an order for 2000 NIR just sit there all day @ $2.12 (max limit I presume) on the day in question. I don't know what time of day the order went in - but if it was the morning `failed attempt by the short sellers to get NIR under $2 by the close - then OK - but if it was placed after the web site was up (announced on SI around 1 PM I think) - then I would have looked at how the bids/asks were going on Stockhouse in response to the activated site. If I saw the bid/ask increase above $2.12 - which it did - then as I said I would have put a change order in for 1950 NIR @2.15 - or if that didn't bite - then 1900 NIR @2.20. At the end of the day he would have had at worst another 1900 NIR - instead he got zippo. I hope that he picked up some today! Yes - I do follow my own advice!! I put my order in just after my 6:46 AM SI post this morning - I just love these internet orders!! I didn't know where NIR would open - too early to call the broker - so I played it very very safe and put my order in for 200 NIR with a max bid limit of $2.40. As it turned out I picked up 200 NIR @2.25 - and with today's close of $2.23 - I think that's rather good - don't you? If Chris had done the same he would also be very happy right now. If he put his max limit in at say $2.30 or $2.35 then it would have got filled for sub $2.30 - but he would still have a nice additional chunk of shares. I set my max limit at $2.40 - because I was on the road most of the day and didn't have the luxury of keeping a close tab on today's activity. Notice how quiet it was - just 47,200 shares traded - 200 of which were mine - people are holding their NIR very very tightly. One last thing - I just love this new technology - order and forget. Take a look at all of today's trades - look at the first one at 9:30 AM for 200 NIR at $2.25 purchased by Scotia McLeod - ha ha ha ha - that's me turkey!!!!!! NIR - you go BABY!!!!! David in Ontario :-)