Chaparral Resources - CHAR Message Board

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Microcap & Penny Stocks : Chaparral Resources - CHAR

CHAR 10.39

0.0%

Nov 6 9:30 AM EST

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To: Wesley Jack who wrote ()	10/5/1997 3:25:00 PM
From: Eakole	of 127

Hi Chaka & Wesley, Thanks for this thread. Hopefully we can get some information flowing with CHAR. I've searched for fundamental data for some time but I haven't been able to put together anything more than its chart action. With or without fundamentals I usually don't buy if the chart doesn't reflect some un-usually positive indications. In my opinion this stock has demonstrated such investment /trading attitudes! The following are my reasons: Firstly, the "oil" industry as a whole is in a bull trend. Secondly, for nearly five years the CHAR has been in it's own uninterrupted "bull" trend. Thirdly, recently, for one day, it has traded 3-1/2 xs its normal volume finishing the day on the plus on a spike with a gain of 25% from its opening price. (from 80› to $1.20) Lastly, another rise that will equal this past rise will bring it to its all-time high of (about) $1.75. Any movement above that will bring CHAR into new price territory. I am bullish CHAR and would like to add as much fundamental knowledge to my base as is possible. Whatever assist anyone will offer will be gratefully accepted. eakole

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