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

To: Satya Bhardwaj who wrote (613)	6/25/1998 5:10:00 PM
From: David in Ontario	Read Replies (2) \| Respond to of 2444

Maxed out investment style? Comments from James J. Cramer Satya - where have you been since April 22? I'm going to stick with NIR for at least another six months - just to give it some time to play out and evolve and to see how the market has responded over the next six months. By Christmas - I may decide to sell a few - or continue to hold very tightly. When I start to take profits then I'll begin to diversify my portfolio (again). This is most likely the first and last time that I put all my eggs into one basket with a stock. It just takes so much time to do the research that's required before taking such an aggressive approach to investing. Here's Cramer's GQ article that is relevant for NIR [ reference: GQ, May 1998, pp.155-156, writes a monthly column there called Dollar Sign. GQ also has a web site swoon.com ] Hey - I don't care where I go for information - if GQ has something for me - I'll buy it every time. Cramer is also part owner of thestreet.com - lots of great articles there from the trenches of Wall Street from a wide variety of contributors. They offer a free trial if you're interested - one month now I believe - but I'm one of many paid up subscribers. Here's the first part of his article. It's not the latest issue of GQ - so I don't think he or GQ will mind. It may even encourage others to take a look at his regular column there - which I don't believe is repeated on thestreet.com. +++++ How to Become Rich Before You Get Old: If only we had invested in Wal-Mart, Home Depot, Microsoft, Dell or Intel when we had the chance. Tips on finding the killer stock. BY JAMES J. CRAMER Sure you want to build a solid portfolio. Yes, you want your money in good, staid, professional hands, especially if you don't have time to watch it yourself. And you want it to be diversified, so that no one stock can drag you down and crack the nest egg. But let's be honest with each other. More than anything, you want to find that one great tock, the stock than can make you rich all by itself - and soon. Most personal-finance columns will tell you, "Forget about it. It will never happen. You are wasting your time." But then I would be contradicting myself. Twenty years of picking stocks, and hardly a moment goes by when I am not trying to find the next Intel, the next Dell, the next Microsoft, to name three stocks that have made a heck of a lot of money for some people than a lifetime of paychecks has. Before I got to Goldman Sachs in the `80s, I thought this notion was a fanciful treasure search, a snipe hunt. But a few weeks into the job, I was hearing tales about the trader who retired to Ketchum, Idaho, while riding the Charter warrants, a security that went from one to one hundreds in less than a year. Or the broker who hitched a ride on Digital Switch Corporation for 120 points before deciding he didn't need to work anymore. True tales from the trading desk! So let's approach it methodically. Let's look at the characteristics of the stocks that have created massive amounts of wealth quickly and see if we can spot some commonalties. Remember: We are looking for a stock that can last for an age, that will generate wealth continually. That will make you rich well before retirement. ... Cramer then spends the rest of the article commenting on Home Depot, Wal-Mart, Dell, Microsoft, Cisco... +++++ I've had some feedback to say that putting all your eggs in one basket is wrong - it's not sensible - it's not what the professional's do or would advise. Well I just don't care - I hear the beat of a different drum. I would not have invested so heavily in NIR without spending a lot of time on the research - which I have shared here. I've also gained a lot from others who have also shared information - picked up a lot of very good information and tips - thanks. I picked up a few more today (225 @ 2.34 - the ask at the time this afternoon (went back to 2.32, but closed at 2.34 - so I'm happy with that. I tried to do it at $2.31, then $2.33 - no bites - so to h*ll with it - 225 at the ask - so it cost me $6.75 more (cf. $2.31) plus the sub $25 broker fee - but I'm up another 225 NIR - and I'll try to grab some more tomorrow. Anyway I've picked up another 1,125 this week for an average of $2.18 :-) Yes - broker fees add up - but they aren't that much anyway for picking up penny stocks with small orders. If there is a trading halt tomorrow - or whenever it happens - Pending News - then at least I've maxed out my NIR position at these price levels. Besides what will 225 NIR be worth in six months? I hope that NIR continues to climb so that I can then kick in my newly acquired margin facility. My bank has set a lower limit of $3.00 before they will lend dollars to activate a margin account - I just hate them (again). To repeat some info from my SI profile: Investment Style: Growth - what else? Please let me find the stock(s) of a lifetime - just one will do. Now, where are you sweetheart - here she is - NIR.TSE - thanks for everything. NIR - you go BABY!!! David in Ontario :-)