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Microcap & Penny Stocks : OILEX (OLEX)

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To: FARRIS who wrote (2179)12/29/1997 4:38:00 PM
From: Sam Miller  Read Replies (1) of 4276
 
I wouldn't be surprised if the price was intentionally driven down so MMs can make a killing on the way back up after they start announcing more and more production. I wouldn't be selling anything at this level. The Company (and this thread) has been quiet during all this so I think the possibiity of in the know accumulating exists (hoping everyone else blames it on tax selling). The stock price has been much higher in the past with no oil. Now the prospects look better and its at its lowest level in 3 years. You make the call. Should we call the MMs bluff and buy more. I wonder how much the company has repurchased since their announcement that they had begun buying back stock. I hope alot at these levels.
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