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Gold/Mining/Energy : mxp (mesa Inc)

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To: Linda Kaplan who wrote (346)5/21/1997 3:46:00 AM
From: Gary105   of 394
 
Linda, I see a modest amount of resistance in the 5 3/4 - 6 1/2 area, perhaps a new trading range once mxp makes it into that area. Imo mxp will trade in that area for a couple of months - it may cycle down from that area or it may break out. If it does break out, some resistance at 8, and then resistance at 12. However the higher numbers will take a while and will be driven by fundamentals. I look at mxp as a long term holding one can sleep well with.

Gary
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