Chaparral Resources - CHAR Message Board

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Microcap & Penny Stocks : Chaparral Resources - CHAR

CHAR 10.39

0.0%

Nov 3 3:59 PM EST

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To: arnold silver who wrote (5)	10/13/1997 1:39:00 PM
From: Eakole	of 127

Hi Arnie, I am writing you in that you so kindly gave me your knowledge and council regarding CHAR, something I cannot easily forget. As you may recall, I mentioned that I was more a technician than a fundamentalist. Due to the nature of CHAR's chart pattern, namely a flagpole and flag, I estimated the next move to be a second flagpole of equal size of the first pole. I prefer to use logarithmic charts over arithmetic as they are truer to the percentage moves of the stock. (Generally speaking, a third flag pole while not imposssible. . . is not likely.) I calculated the rise to go to 1-7/8 and placed my sell order accordingly. I sold CHAR @ $1.81, for a two week profit of 75%. I will continue to watch CHAR as I believe its technical patterns are clear and the fundamentals will be encouraging for new investors. Best wishes. . . eakole

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