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: Mr Metals who wrote (2212)	1/18/1998 1:22:00 PM
From: Sidney Reilly	Read Replies (2) of 4736

Hi Mr. Metals, I wish that it could have held the gains but the chart showed that the reistance was at .20. Also NAMX was in the .10 range for a long time and many bought at that level so .20 was a double, traditionally traders will take a double and run. When the bid hit .20 I think the traders sold and also those who were breaking even (who bought when it was at .20 last summer). The .20 resistance is significantly weaker now and hopefully renewed buying pressure will push us past the .20 level. We have revenue from Nebraska and more wells to be drilled soon. Agreements are being worked on as some have posted about. I think there is good reason to think we will be pushing up again. We will see, of course, what develops this week. Have a good day, Bob

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