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Gold/Mining/Energy : Montello Resources

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To: Chris who wrote (2451)9/29/1998 5:31:00 PM
From: Famularo  Read Replies (1) of 4256
 
>>>Interesting Frank. How do you arrive at the .50 - .55 estimate?<<<
I don't think everybody who trades speculative stocks like Montello follow this thread. .) Stock closed at .45 and I see no reason why the momentum should not continue to mid day... Assuming it opens stronf with inbalance of orders, I can see it open above .50, today it hit .51, it may rally to .55 or higher, and folks may think, let's take a break and cash in... This won't be the end to this story! Usually, stocks will move up for 2-3 days before they also take a breather....

>>>I wouldn't mind making a few extra pennies, so would appreciate more insight on your price reasoning. My .46 sell idea is simply 50% increase from buy price. <<<

Taking a 50% profit is NOT a mistake... Please proceed! A profit is not a profit unless you have sold it!

My theory could all be wrong, I have been wrong many times... and Montello could trade to .75 or not even go higher than .50 tomorrow. This is what makes this exciting and a game... Keep in mind that the volume that Montello traded today, will attract attention to many...

regards
Frank Famularo

regards
Frank
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