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Gold/Mining/Energy : NPEC - take a look

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To: Bill Hyres who wrote (5930)	4/14/1997 10:22:00 AM
From: JP Jouver	of 5988

Bill, I know what you are saying about normally having a run-up, then a classic 50% retractment. But should you realistically even expect that from NPEC at this point? Usually a run is caused by some new development affecting the value of the company. With NPEC we are still where we were many months ago---tons of rumored potential with very little hard facts to back them up. The only really new rumor is the promised 5mil of LFNO stock. I'm long NPEC, but you summed it up with the following: ...if all that we know about NP is true.... Until we start getting PROOF that some of these things are true, we will not see an orderly progression. Jape

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