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

To: xray who wrote (1457)	8/25/1998 6:31:00 PM
From: David in Ontario	Respond to of 2444

Hi xray - thanks for your reply: I'm interested in the short play - it's another strategy - and I need to know more about its details. Thanks for the link - I'll take a look - and I've been to Asensio site before. Yes - NIR will turn around - should be sooner rather than later. The dynamics of this stock over the last nine months will make for a nice case study of a penny stock R&D company that pushes through the early turbulence to end up as successful and profitable manufacturer. The next couple of weeks should be interesting, David. ++++++++++++++++++ My latest post to the Stockhouse thread - for those who are interested. Hi Windsmm - sorry that your down today: It all comes down to your investment goals and your tolerance for risk. I said way back when that if takes NIR five years to reach $10 then it's done very well for me. Of course it would be nice to take some nearer-term profits sooner rather than later - but I can wait. I'm not day trading NIR - some are - and the short-term volatility doesn't concern me. There are those who post and claim to have all the answers to where NIR is today - but in hindsight - anyone can say the same thing - so I either ignore them or just play along. Look at what we have with NIR - the product line continues to improve - three new products announced in the last News - formal linkages announced to ICI and K-G Packaging - great things lie ahead. Jason told me this afternoon that they suspect that more than one person is speculating with NIR stock - "concerted effort - systematic collusion" he said - goes with the territory. I have posted a number of times now that when chris (from SI) and I spoke to the Union broker in Vancouver he said the people were `monkeying with the stock right now'. He gave his next anticipated upper base between $4-6, Owen from Aquasol gave it as $5+. Way back when the anticipated base post 15,21 April News was given as $2+ - which has held very tightly - until the last few trading sessions only - but only `failed' because the speculators moved in and forced the price down - but they'll be gone soon. Their capacity to play the stock this way is limited. There is also a bunch of short activity going on - and I'll be keen to see the short numbers next time up - and I suspect that a bunch of the buying is by folks on the short side buying to cover and maximize profits. We held at $2+ for a long time - and only very recently have we dipped below $2 and I suspect that this is where the manipulation really kicked in. We had two very small up days - post-News with advances of just $0.01 on both days. Did that mean the $2+ looked like it would hold again - maybe. So a concerted effort was made to push through the $2 `psychological barrier' - sales were made at the bid (by the speculators I presume in an effort to force the asks down - then the bids go lower - it's like a downward spiral - but done deliberately)- plus a bunch of stop losses then kicked in plus margin cover sales - and the more nervous investor sold all of which helped to push tthe price down. Everyone has their own investment strategy - some days I can watch the stock closely - others I can't - so I'm not going to play it that closely - just buy and hold. Others have more dynamics strategies who can afford to watch the stock more closely. In any case this volatility will also pass - nothing fundamental has changed since the pre-News period. So windsmm at the end of the day it all comes down to your investment objectives and your tolerance for risk. I'm happy where I am now - I'm not going to play the stock - buy/sell/buy/sell. to try and enhance my holding - I'm just buying and holding. The future is very bright for Napier. If you feel too nervous then you have too options: (1) step away from the stock for a while and don't watch it day-to-day or (2) sell. However - bear in mind that market manipulation - such as that now being extended to Napier is a sophisticated business. These people want to make you feel nervous - they want you to sell. Remember this is an auction market - buyers and sellers coming together via a broker. They want to buy your shares as cheaply as they can get them - they will get the word out that the stock is in trouble - they post to the threads to get rumours going etc etc. in an effort to maximize negative sentiment. What you need to do is step back - take what these people say in one hand with their negative spin and false rumours - and weight that against what is know away from the threads. Have you seen anything negative in the financial press related to Napier's future or fundamentals - or in your talks with the key players. They all remain very positive going forward. The great thing with Napier is that there are other huge partners involved - which helps to balance out the sources of information as well as its creditability. The questions therefore is: Does the negative spin by some posters on the Internet threads tie with what is know about Napier and its future in the non-Internet media? It doesn't - meaning there's a deliberate effort to force the price down so speculators can maximize their own gains by either (1) shorts who grabbed (and sold `borrowed') NIR on it's last pre-News surge to $3.30 - with the aim to buy it back as cheaply as they can ($1.49 is a lot better for them than $2.00 - further maximizes their profits), or (2) speculators who understand the fundamentals and realize Napier's potential - so they want to grab a pile of stock as cheaply as they can - so they also play the buy at the bid spin (lowers the ask) to drive the share price down. However, both groups of speculators only have so many $$ to go around - so the recent downturn and the forced lowering of the share price below it's $2+ base is only temporary The share price is being manipulated by speculators and has nothing to do with the companies fundamentals or its future going forward - nothing has changed there. Furthernore, as the share price has now dropped 50% very quickly there should be a News release by the company to say that the fundamentals remain sound - the future remains very bright - and the drop in the share price I due to speculators driving the price down - or something like that. The final questions for you windsmm are (1) are you going to give up your shares to the speculators, and (2) do you feel confident enough to sell now and buy back should NIR go lower? I'm not - holding long, David :-)