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Gold/Mining/Energy : NP Energy Cp New

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To: Doug who wrote (13704)	1/30/1999 7:20:00 PM
From: Ken Sammut	Read Replies (3) of 22810

Doug, You have not been around penny stocks very long if you think a stock like NPEC cannot go to 50 cents or more (even $2.00). 100M shares is nothing if the volume is there, the MM's are supporting the move, and the news releases have some excitement to it. Can MDIN explode? Yes. How high? I do not have a crystal ball but if the news is as good as we are led to believe, you will end up being very surprised. People have busted on Jim because he has flip-flopped a little too much. One minute he hates MDIN and then he likes it. One minute he loves NPEC and then he hates it. These are purely speculative plays. Either you believe in the management or you do not. If you do not, then stay away. Even if you do believe in them, they may not be able to deliver due to little capital. That is why they are penny stocks. I am heavy into both of these stocks. Something tells me that they will continue to move. Penny's overall are doing well the last few weeks. There is a lot of momentum in most penny stocks. If MDIN and NPEC have half of the news we are expecting, they will dwarf the GLOWS and others who have enjoyed nice run ups (and started out at less than 5 cents). The end of the day activity on Friday for both of these stocks may have been telling us something. We may know as early as next week. Good luck to you Doug and go with your instincts but lay off the you must be on crack lines. Opinions are what these threads are about, not personal attacks. Ken

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