Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (103)	12/3/1996 11:18:00 PM
From: Gary Faykes	of 1017

Buzz, The recent pullback in the stock price was essential and very important (IMO) since it needed to close the gap from a week ago. The chart still remains VERY positive!! Personally I'd like to see some more basing in this range for another week or so before we move to higher levels. This would add greater stability and support in the future. Each high is higher than the previous high, and each low is higher than the previous low. This chart has the potential for much higher levels if it can form a stronger/firmer base here. That's why I'd like to see it trade between 15.25-16.00 for another week or so!! Best of luck and keep up the great work here!!! Gary-Smithville NJ

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