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Gold/Mining/Energy : Nuvo Research Inc

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To: Tom Johnson who wrote (634)11/7/1997 4:42:00 PM
From: READE SMITH  Read Replies (1) of 14101
 
Look at the chart -- we are now about to bump into the next point of resistance -- if we break through that we'll hover around $3.20 to $3.50 for awhile -- with no news and a bad day on the markets its an easy in-day break to under $3.00.
But forget about the charts for a moment -- DMX is more diluted than ever since their last placement -- it would be easy to argue that the real value of DMX is below $3. -- if you discount the WF 10 initiative as speculative hype with no value (which I do). .
Mind you I bought the beginning of my new position at $3.85 this week -- we could get Pennsaid approval at anytime and I don't want to watch from the sidelines as we shoot up over $8.
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