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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Buster who wrote (14409)	11/6/1997 10:45:00 AM
From: TLWatson59	Read Replies (1) \| Respond to of 55532

Buster: At this point in time those levels to not come into play. If the stock were to break down completely today to those levels it would not break anything. Such a move on excessive volume, say over 500K shares, would certainly indicate a severe lost interest by the longs. Other than by overseas or Canadian short sellers no "legal shorting could drive the price down. We must always keep in mind that trading in BB stocks does not always adhere to legalities. Interestingly enought when I looked at the chart just now the $2 level represents a coincidence point with the present uptrend line. A trade at 2 1/4 would close the small gap that still remains from the low established five days ago. Volatility in this stock at this point is to be expected. If on the other hand a sharp price correction on high volume occurs followed by a late day rally and stong close that would indicate that higher prices are probably ahead. TLW