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Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Sallee who wrote (2285)	1/6/1998 4:05:00 PM
From: Marty Rubin	Respond to of 4276

Your name was enough for me to expect a great post. Thanks, Larry. To all Apple fans, biz.yahoo.com Oilex is the only BB I own and when I get out (I will, if/when Oilex starts acting like a BB and reverse its course), it'll be the last. Why look at the BB when you can find NYSE, NASDAQ or AMEX's stocks? You want the fat returns? Little homework will do. Check IBD, Barrons, etc... then wait for the hype to cool off and buy. Fatter returns? Wait for bad news from a great company and then get in after a month or so. (Every company is different. There is more to say if only time had permitted.) BTW--reserves are only good when the company is acquired. Look at TRC. Some moron on Barons had put a value of $80 (?)(in this case, on the properties) on the company. The stock shut to $45(fomr $22 [???]) days latter only to have an insider sell 2/3 at +$39 (??? Check CDA article dated 10-40 days after $39 if you insist on seeing the article) of his stake and see the stock go down to today's $24 (http://quote.yahoo.com/q?s=trc&d=t) Good day, Marty

To: Larry Sallee who wrote (2285)	1/6/1998 7:04:00 PM
From: Ditchdigger	Respond to of 4276

Larry, have they shot this area with 2D,or cutting edge 3D? I'm not going to claim to know much about these fields( I'm mainly tied up in Columbian plays). Now if we're talking Reg S,Bo knows Reg S<vbg>..beware of false bottoms and be nimble on your trading(IMO). These bandits will move this thing up and down at will,short lower and cover,bring it up and sell,they in all probability,( excluding managements,and assuming managements shares are held firm(assuming)),control the float-a very good position to be in. Remember they are working out of safe harbour, with safe harbour rules<vbg> and regs<vbg>.. Happy Trading,DD PS: still predicting a return to 1/32-3/64..(and I may be a buyer-not based on the fundementals,but the Reg S play)