VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: jan_mike who wrote (2682)	12/3/1997 9:27:00 PM
From: Jason Leonard	Read Replies (1) of 11708

Just something that someone may find interesting. CSMA = GOOD STUFF :-) Coconino SMA INC COM (OTC BB: CSMA) Ask - Bid: 1.35 - 1.30 There are four news releases which we believe are significant to the future movement of Coconino SMA Inc. (CSMA). Coconino SMA Inc. is a diversified company involved in the consumer products and services and natural resource industries through four subsidiaries: Coconino Oil & Gas, Enviro-Tec, LPS, Ltd and Ad-HaTTeRs. These significant newbreaks can be found at newsalerts.com -- Ticker Symbol: CSMA, as follows: 11/13 Michael Hammond Elected to Coconino's Board of Directors 10/28 Coconino SMA Discusses Results and Comments on Future Direction 10/27 M3 Initiates Coverage of Coconino SMA 10/17 ERHC Aquires Oil & Gas Property With 52 Million Barrels in Recoverable Reserves Technical Position - PennyStock Picks Our interpretation of the technical position of CSMA indicates that this stock is in a breakout pattern. Recent changes in company fundamentals and management has positively signaled this stock to be highly undervalued. Its 52-week high-low is 8.625-0.15. Since June 1997, the price constantly declined from 4 to 0.15, yet the buying power progressively increased as the price deteriorated. Base was found under 0.20 about a month ago. The stock broke out of its pattern soon after significant changes occured in the business of the company. After the price broke through the upper trend line (at 0.30) in late October, upper movement was confirmed at 0.50 in the first week of November. Technical indicators support this interpretation of a breakout, with the most significant being the formulation of a strong positive divergence between MoneyStream and price (a clear bullish signal). Other indicators/oscillators support this interpretation as well, though not as clearly. We would place moderate resistant levels at a price of 1.7 (within a month) with a slight to moderate pullback to follow. If it clears to 1.7 level (in late November or early December) another surge could occur sending the price to 3 to 4 $/sh in the near future (less than two months). A new level of support cannot be placed at this time. These estimates are based on information provided by the company's news releases and our interpretation of its technical position. We believe the long-term outlook of its stock price to be trading moderately higher.

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