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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.004700.0%Nov 21 9:30 AM EST

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To: Parrot Head who wrote (5736)7/22/1998 1:51:00 PM
From: Bird  Read Replies (1) of 11684
 
OK, the stock price needs a 266% increase
to reach the level you thought was
"Showing a lot of support at 1.10"
exchange2000.com

When we again reach that level, a similar run
using the same extrapolated percentage
for a support figure = $1.10 X 266% = $4.026
So, I was off $1.00

Sue me!

And yes, I am convinced this thing is going to at
least $5.00 in the next several mo's.
Much higher than that in 6 - 12 mo's
primarily due to the fact that this
company should begin producing just when
the seasonal demand begins drawing down
stockpiles of natural gas & fuel oil.
The WV properties are secured, however,
I realize the desire of management to keep
additional producing properties (possibly TX)
and estimates of the WV fields under wraps until
formalized in an accurate press release.

Also, I was under the belief that the oil &
gas activity was reclamation only. I was wrong!
The majority of the early activity
will be previously undeveloped land adjacent
to confirmed historically producing wells
This is exponentially better in regard to
yield rate short-term.
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