NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

0.0%

Mar 7 3:00 PM EST

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To: Theo who wrote (2066)	1/7/1998 9:28:00 AM
From: Sidney Reilly	Read Replies (1) of 4736

Hi Theo, The OBV was sliding some for a few months last Oct/Nov and I was encouraged by the fact that the price held up pretty well in the face of that slide. We eventually saw a dip but then it recovered. Now OBV is nearing it's all time high again. During that whole time it was always well into positive territory. The money flow is up quite a bit recently, then a drop, then showing recovery again. It is also staying well into positive territory. The Volume Accumulation shows that the buying/selling pressure are usually fairly balanced so their is no massive buying or selling. Put all together I assume there is a slow steady accumulation from these indicators. But as you know some say you can't TA penny stocks very well, including the Mad One! Have a great day, Bob

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