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: robert scheb who wrote (25)	10/31/1997 10:44:00 PM
From: Tom Genna	Read Replies (1) of 127

Rob, thanks for the number. Did not find time to call yet but Hoover's on line identifies this company as having 5 employees. Their financial numbers also speak volumes of their tiny stature. Yet what happened today? 3/4 M shares traded and On Balance Volume at a six month high while the price is not at an equivalent level. This is technically a bullish relationship which may be the result of the usual smart money or maybe just the technicians and momentum players seeing the trend. No way to know but I have seen many such OBV vs price relationships and I feel pretty confident that this kind of demand should eclipse the $2 level no probelm. For any of you who can open a bitmap and would like a copy of the chart and explanation of indicators therein email me. I admit I do not know much about the oil business but I know I like this chart. I still can't believe that we're not being visited here in more numbers especially after today. Oh well.........LOL............tomster

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