Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: James Randall Ingram who wrote (1913)	11/6/1999 2:55:00 PM
From: David T. Groves	Read Replies (1) of 1979

It would be nice. The 10 day moving average is at .065 and the 50 day moving average is at .064. I have a mid term resistance line on my chart that the share price broke through to the down side about two or three months ago that I checked the exact positioning today and it was at .083! So we bounced down off of it and then bounced back up off the 10 and 50 day. Anyway, hopefully we will gain enough impetus off of the 10ksb that we will be able to break the .083 barrier. the 200 day moving average is at.097. Not much time to buy at these prices. With the knowledge that this company is in fact not in trouble from the soon to be published filing and confirmation that they earned $.014 as reported the extension filing, we should be on our way. Putting a 20 or 30 pe on this stock as the other stocks in their group have, would make this a $.28 to $.42 a share. Just about conservative book value. Add in a good first quarter report (they earned $.003 in 98) as they predicted and we will move. Dave

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