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Microcap & Penny Stocks : OILEX (OLEX)
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To: Yiqun Xie who wrote (636)12/19/1996 8:13:00 AM
From: Eric Maggard   of 4276
 
Yiqun,

Looking at the stock from a technical point of view this is good for the stock. The stock had a quick (1 week) doubling in price. If the stock rises too far too fast it could come down just as fast. I think it is good for the stock to hold around .5 for a week or two to let the 20 DMA (Day Moving Average) to catch up a little and then we could be in for another good rise. All indicators are in the bullish range.

Eric

P.S. Still haven't hear back from OLEX and will give them another call today.
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