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Microcap & Penny Stocks : OILEX (OLEX)
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To: Eric Maggard who wrote ()2/27/1997 6:23:00 PM
From: Eric Maggard   of 4276
 
ALL:

Nope, buying didn't hold up. Some big selling near the close to push it to .65. It is below the 20 DMA and also cleanly broke through the support in the lower 80's upper 70's. If it goes to a strong downtrend I might sell of the remainder of the holdings from the 40's. Does anyone see it testing the support at .50, or stopping here in the upper 60's? I guess we'll see. Did not get in touch with Tom. Try tomorrow.

Good luck to all,
Eric
Check out the chart at
geocities.com
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