SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mercury Scheduling Systems Inc. -- Ignore unavailable to you. Want to Upgrade?


To: York Nau who wrote (254)3/17/1999 6:37:00 PM
From: Rob Davis  Respond to of 437
 
Hi York,

I can't really explain why the stock is going down recently. It has
had a pretty good run lately, so it could be some traders are taking
profits.

I spoke to the company today, and they really didn't have much to
say that isn't already known. They are close to finalizing some new
contracts with some Tier 1 airlines.

I'm tempted to take some profits, but I don't want to have the rude
surprise of good news being announced when I'm not fully invested.
I figure I've held it for over a year now, what's a few more months.

I fully expect that in a few months we will look back and laugh at
$1.70. (I hope this is the case anyway.)

Cheers,
Rob



To: York Nau who wrote (254)3/19/1999 5:31:00 AM
From: Bruno Steinhauser  Read Replies (1) | Respond to of 437
 
Just be patient folks. The actual selling pressure is mainly caused by NESBITT, YORKTON. Additionally GROOM CAPITAL and MAURER, both MERY financiers. Last year they financed the company with 1 Mil.$ for 1 million shares and half a warrant. As it is typicall for these canadian institutions , first thing they did after the stock got free trading in October 98, they blew their entire position on the market with a dime profit. The market could pretty easy absorb it because liquidity was accordingly. Now we are chewing on their warrants, they are blowing out now. I am pretty confident that if once this overhang will be gone, the market will be clear again for the stock to move back up. Last but not least, I agree with Rob, in a couple of months, we will laugh at those who blew out their stock at $ 1.65.

Michael F. will teach them better.

regards

Bruno Steinhauser