Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) Message Board

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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: TLWatson59 who wrote (17336)	11/13/1997 9:10:00 AM
From: TLWatson59	Read Replies (3) of 55532

RMIL TA Early Edition 11/13/97: I apologize for sounding like a broken record but very little change in analysis as of close 11/12/97. There is still a distinct potential for an attack on the $2 level. The longer the stock trades under $2.50 with diminished volume the more the trading between $2.875 and $3.50 will tend to become a supply zone on the next upward swing should there be one. The strongest technical sign the stock could have given since the run to 3.50 would have been an ability to contain the ensuing reaction to between 2.75 and 3.25. The sharp drop experienced from that run up would not have been so potentially damaging had the stock been able to recoup to over $3 with significant buying volume coming in. Without an impetus of some real bullish news we could be looking at a stall in this area for a while. Best of luck to all, TLW

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