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: Pugs who wrote (25483)	12/10/1997 9:12:00 AM
From: TLWatson59	Read Replies (2) of 55532

PUGS and ALL: Buenos Dias Amigos: TA- RMIL - 12/10/97 - Yesterday's action unfortunately could be a precursor to some unpleasant market gyrations. The low held at the last visible support level established back in late August. That was shortly after the original run up from the "penny" level to $2 and the back off and close of an upside gap left on the third trading day after I bought my original position at .47. It is a thin thread, technically speaking that is keeping this stock from returning to under $1. Today's action IMO will be critical. If the stock can hold at or near yesterday's low and rebound to above 1.75 and close there on good upside volume there is still s chance for the technical picture to improve. Anyone with valid technical analysis credentials looking at the chart picture today would have to say they see the potential for a massive distribution pattern having been formed between 1.50 and 4.00 since sometime in early September to the present, unless the action I described as need today can occur. As alway I wish all the best and today I add the saying of my old home town - Via con Dios. TLW

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