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Microcap & Penny Stocks : NRPI at a new low but company is making money. -- Ignore unavailable to you. Want to Upgrade?

To: JOE TURMAINE who wrote (359)	4/29/1999 7:56:00 PM
From: PREFSTOCK	Read Replies (2) \| Respond to of 656

U are usually right but I think this time it's diffent. Some of the mm's definately sold some shares short in the .30's and the .40's. Being that the case they would desperatly be protecting their profits or preventing a loss(if they had to cover higher). For HRZG and others to allow a .47 bid and a .54 offer shows that they are struggling to hold it down. They usually sell stock short near here and march it down to like .41 bid or so hoping to show weakness and get us to sell. Well recently all we have done is buy when they put NRPI on sale. We have done this to the tune of a few hundred thousand shares or more. If u recall after the split the float w/o any dilution is 400,000 shares (outstanding is 1,700,000, give or take a few). There also was a large short position from before the split. I remember when the offer was 1 11/16 and HRZG shorted 100,000 plus. For the mm's to cover they have to really have no other options and so i agree it may not happen right away. BUT there are other factors to ponder. I believe we have seen the worst and nothing but positive developements are coming for the company. I happen to own a large % of the float and I won't let any go until we are on the nasdaq. I also know other large shareholders and they aren't in a hurry to lock in profits. I believe the entire float is now owned and then some. MM's can cover or not and I feel we go much higher in the next 30 days. Tomorrow i know of a number of shareholders that will average down and load up. Even more on monday. I think we see a stronger and stronger bid starting tomorrow and bust through $1 sooner than most think. I guess we'll see but if i were you guys I would hold my shares. It wouldn't surprise me if this stock was $5 plus and on the nasdaq in 1999. I am in for more at .54 in the morning and will continue to load-up under $1. Good luck to you all.