OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: DAVID C who wrote (823)	2/13/1997 9:34:00 AM
From: Eric Maggard	of 4276

Hi David, If you are just starting to follow OLEX you need to visit my web pages at geocities.com It has some background information on OLEX and some links for some additional research. It also includes a technical graph along with definitions of the different indicators. I would look for it to continue in the current trading range of .80 to 1.00. The 20 Day Moving Average is coming up into the low .80 range and should offer support if the price goes back down there. If the volume keeps up and increases, I would look for the stock to retest some old highs in the 1.30 to 1.50 range. After your research, if you still like the stock, .90 to 1.00 would be a good initial entry point and then you can add to it on dips or when it starts to rise. I like to take an initial position of about 25% of the total shares I would like to acquire and then follow the stock and position myself accordingly. Good luck, Eric

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