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Microcap & Penny Stocks : OILEX (OLEX)
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To: Eric Maggard who wrote (906)3/26/1997 1:32:00 PM
From: OFW   of 4276
 
Eric/Brandon:

Thanks for beating me to the punch on the release.

While I'm holding 20,000 shares and look to double that position, I'm curious about your reaction to price trends just prior to and after release of news. If I recall correctly, the past three releases have seen prices jump sharply up to about .9375 and then fall back almost as quickly on the release of news. Eric's observation of increasing volume is also a key to anticipating the release.

I have been reluctant to day trade Olex --- holding it for longer term only. Do you guys have experience in day-trading this on news and if so how easy is it to get back in. My reluctance has been to sell on the news and then not be able to get back in at a reasonable price.

Would appreciate any comments. Thanks for all your observations.

OFW

PS to Eric: While I generally agree OLEX should hold ORSI shares, they might be tempted to cash out using the profit for other acquisitions. Comments?
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