Madison Enterprise, MNP/VSE Message Board

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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Rick W. who wrote (48)	5/18/1997 12:55:00 AM
From: Roberth	of 285

The 5.00 major resistance level is one point in the 'step pattern of price plateau's' that has existed for over ten months. The current exploration could keep the stock in a rising pattern if promising results are announced. This would be evidenced by increased buying, especially at prices around 5.50 with the price eventually levelling off around 6.75 or so. If there is no further work planned the price could continue it's declining pattern staying at the 5.00 level for only a few days and then falling again, with continued supply, to the 3.75 level. The next couple of days will be crucial in establishing which it will be.

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