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Microcap & Penny Stocks : OILEX (OLEX)

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To: Steve who wrote (3590)6/22/1998 2:09:00 PM
From: zonkie   of 4276
 
Steve that's about the fourth time you've told me to average down and I think this will be the third time I have told you that I already have. Why in the hell, if somebody did want to average down, wouldn't they wait till it has stopped dropping and starts to rise again, I am beginning to wonder if it ever will trade higher.

But just to see how good of a stock this is to average down in I went back and looked at the quotes since the 20 for 1 reverse split that Oil-X hit us with in feb. Well lo and behold you are right, this may be one of the best stocks there is if people like to average down. It has hit about 9 new lows since then and if you had bought at each days high you could have averaged down the very next day in all but just a handful of those days. Are you pushing any stocks that someone can buy and then average up in? Average down, average down, that's like looking up a dead horses ass, I want to average up.

The quotes i looked at before writing this can be found at:

tradepbs.com

I would suggest you request the quotes in decimals as we are running out of fractions fast.

Do you think today is the bottom? What I mean is if someone averages down today they will catch it at the bottom and not have a chance at a lower price in the future?
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