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Gold/Mining/Energy : Fortune Petroleum (FPX)
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To: cmg who wrote (119)10/22/1997 9:58:00 PM
From: TD  Read Replies (1) of 275
 
Good post saved me some time, the only thing I can add is technically the stock may be stuck here for awhile, notice only 40,000 shares today I know that is huge compared to a month ago but compared to the last few weeks it is relatively small. Until some more buying takes place the stock should trade in the 3 range. JC told me once two or three new wells are producing look for the stock to move to 5. If all drills are successful, unlikely look for 10, but remember this is an oil company. Also JC told me that once stock is at ten he is thinking of moving on to another calling.
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