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Microcap & Penny Stocks : GW GREY WOLF

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To: Rose who wrote (39)	10/22/1997 9:32:00 PM
From: jim p. holcomb	of 444

HI Rose. I talked to Grey Wolf @ 2:00 P.M. Dallas time today and they said the report would be late this afternoon or early tomorrow. The bookeeper ran out of pencils and was on the way to Office Depot to get some more. If he got caught in Houston traffic, the report will be tomorrow.<,VBG>. I was at the Smith-Barney office today visiting an old friend-broker and we put some '97, '98' & '99 figures together and came up with a possible target price in late '98 early'99 of 32 based on all available factors. If you discount this to 25 it is still a big increase over today's close of 9 1/8. Of course when I first bought DRL @ 2 7/8; a figure of 9 1/8 was really far out. That was in February this year. S&P has a good report out on GW. Jim.

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