Zappa Resources ZPA vancouver Message Board

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Gold/Mining/Energy : Zappa Resources ZPA vancouver

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To: Alan Whirlwind who wrote (133)	10/30/1997 8:36:00 PM
From: Bo Bob Brain	Read Replies (1) of 3198

Fibonacci Theory vs. Zappa Warrants: Zappa has surpassed the fibonacci target price of .45. Fibonacci theory says that the stock price will continue to the next target price of .66. However, an obstacle exists that even Mr. Fibonacci never dreamed of - the Zappa warrant. Well over 750,000 options and warrants could be exercised between .50 - .60, which could keep the price from rising further. Based upon what has happened in the past, expect a quick intraday spike to .60. Should the price surge to around the .70 level and stay there for awhile, that would be very bullish. Profit taking is to be expected, since Zappa has doubled in a short amount of time. Thanks for all the postings.

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