NPEC - take a look Message Board

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Gold/Mining/Energy : NPEC - take a look

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To: wooden ships who wrote (5929)	4/14/1997 9:38:00 AM
From: Bill Hyres	of 5988

Truman, Yes I agree that this is not a major holding and the story still seems to be viable. I may be changing my strategy though based upon the following. This stock does not follow the normal rules I am use to seeing in a normal progression. Over the last two drives to new highs we have seen a retracement back to previous lows. This is what I find disturbing. After a run to a new high I consider it healthy to retrace 33% up to 50% and then build a new base at those levels and progress forward. But no NP falls all the way back to previous lows and it has done this twice. This stock acts like a shell being promoted and if all that we know about NP is true it should not be acting in this manner. We shall see what happens with the next run. Traders heaven, long termers drudgery. Bill

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