To: GoNorth who wrote (15925 ) 4/2/1999 10:01:00 AM From: the Chief Read Replies (1) | Respond to of 37507
Hi GoNorth. if there was a NR planned it would have gone out today. DOn't hold you breath for something on Monday. There are some delays as a result of 'ammendments' to the BII Nasdaq filing. As you have stated in a previous post..the merits of a Friday or Monday release is up for debate, which is true. There is also merit in "not" putting out to much good news all at once. The release of the dutch auction patent, was good news, and possibly stemmed the continuing fall of the stock. The TSE 300 & 200 listing, will likely push the stock to its 52 week high over the next 2 weeks. Which, will set it up for the announcment of the NASDAQ listing. Anyone hoping for a retrace to its triple bottom is plain out of luck from here on in. The demand by Mutual funds that must hold 200 or 300 stocks will tip the supply/demand equation to an imbalance for the next 16 days, while mutuals position themselves in BII. We could all postulate as to whether the mutuals will "all" buy...but I think realistically, 20% of the mutual funds dealing in the 200 & 300 will, as a minimum. Couple this with the "daytraders" (professional or amateur) that will know this, and you will find a "squeeze of supply" in the next few days. Short covering, will create further demand as the daytraders push the stock higher. This cycle will likely countinue for the remainder of this month....all the time during which the possible approval for NASDAQ will be looming in the distance. As we approach the end of month, people will have positioned themselves and the only people moving the stock will be the daytraders. To that end, if the daytraders move the stock lower, the mutuals that did not buy during the early part of this month, will fill the demand gap until NASDAQ. I think Godin is playing this one wonderfully. If he stages the releases at appropriate intervals he will not only get price boosts but stability at the prior price range for resistance and support! just another dumb theory! the Chief