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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Nathan Hansen who wrote (1260)	7/19/1998 12:14:00 AM
From: Far Side	Read Replies (1) \| Respond to of 3458

Nathan, Here is the text from message 2920 off of Yahoo on the topic of who owns what on TRBDF. ------------------------------------------------------------------ The 20F states ~10% owned by Halimi, ~19% owned by directors and oficers as a group. If we assume that they mean this to be seperate numbers, that makes >29% owned by insiders. About price on Monday? I claim no expertise on reading such tea leaves. However, looking at the action at the end of Friday, when it hit 11 15/16, all hell broke loose as if there were buy triggers set at 11 7/8 and above. It was so close to the bell that it is hard to imagine that demand was met before close. The price trajectory was certainly straight up the last few minutes. I would guess that everything depends on what happens in Europe. What effect the German article has, what effect the new Raymond James recommendation has, how many shorts are left out there and how badly they're hurting. Clearly, until yesterday, the price anyone shorted at was below about 10 3/4, and after the BW article, that day we had 3+ million shares trading, the price was between 6.60 and 8.50 or so. So lord only knows how many shorts are left and at what price they shorted. I suspect the numbers out next week will be interesting again. My guess (as you recall) was high last time so it probably won't be astronomical this time either. Still, when the price goes up like this, covering gets more imperative by the dime. Bottom line: your guess looks conservative and may be correct. I think the fall-back from any peak will probably be a bigger percentage than in your guess, but I would guess the peak to be higher. Frankly, I wish I hadn't sold as much as I did at 9 9/16, but I had another stock that was shorted down to a real low and I wanted to pick up a bargain. So far, it's still in the basement so I needn't have hurried. Besides, a profit is a profit and I still have a significant proportion of my "speculative portfolio" in TRBDF.