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Microcap & Penny Stocks : OILEX (OLEX)
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To: OFW who wrote (908)3/27/1997 12:14:00 PM
From: Eric Maggard   of 4276
 
Hello OFW,

I have found that the stock generally trends slightly down when it has little or now volume. When the volume starts to pick up, I usually havn't had a hard time getting in. When it really starts to take off, I don't try to get in, because they are moving the bid/ask too fast for me. This morning I sold off the amount that I purchased a couple of days ago for a couple of hundred dollar profit. Not too bad for a 2 day trade. I would not be too concerned about not being able to get back in. Even when the stock had the big runup from the .50 level, there were intraday pullbacks where you could pick up some. If you want to trade, only trade the amount that you are comfortable and keep the longer term hold. You could always purchase in when the stock has fallen back even before the volume picks up.

Good luck to you,
Eric
geocities.com
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