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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: Jim B who wrote (983)9/2/1997 7:15:00 PM
From: per strandberg   of 4736
 
Jim,

Some comments about today's business:

Up to the last minute, there were 31 trades, totalling 365 900 shares.
Then, bingo, registered at 15:59 there was one trade, at $0.19, the ask, definitely a buy, of a block of 526 700 shares, making today's total 892 600.
It doesn't look like MM-tricks, as they wouldn't like to keep such a block overnight.

To me, it looks like somebody dived in today in a big way.
Wish I knew who and why.

You say you evaluate this stock. I'm curious what method you are using. I'm somewhat at a loss of knowing how to assign a reasonable value to this stock.

Regards
ps
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