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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: bob who wrote (950)8/30/1997 10:12:00 PM
From: Tom Allinder   of 4736
 
Bob: I have done EXTREMELY WELL with this small stocks. That is those <$1.00. If one wants to be successful in these small stocks look for the following:

1. Chart pattern is as important as with "real" stocks.
2. Must have significant volume ie...>50K average.
3. Float must be small enough to easily move the stock under buying pressure.
4. Some kind of contract or news must be in the offing. Stocks like these won't move themselves.
Now having said all that...... I will continue to hold many thousand shares of NAMX and will sell at profit....

Tom
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