Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: David Graham who wrote (1804)	5/10/1999 8:08:00 PM
From: the Chief	Read Replies (1) \| Respond to of 14101

Well, to be honest I see a very good support level at $$4.05,a weak suppoert level at $4.25 and another weak one at $4.35. The $4.25 support was momentarily breached today and the stock still managed to bounce back and close above it, and the $4.35 support level. The blow down to $4.15 backfilled the gap created by the quick ramp-up in the morning. So what does this all mean. I would say that the stock will remain above the $4.05 level until the news arrives. Notwithstanding I could be totally out to lunch! Any breach of the $4.05 level with any sustaining pressure will likely result in the stock falling to its next support level which unfortunately is weak and is at $3.85 The good news is mommentum is with us and the stock is being played by the daytraders. Daytraders can create there own mommentum and push the stock to higher numbers. At the sametime any sustained level will create an artificial support level that will assist the stock! the Chief

To: David Graham who wrote (1804)	5/10/1999 8:22:00 PM
From: Montana Wildhack	Respond to of 14101

David, If I may, I'd suggest that no one has set expectation that there will be an announcement in the next couple of days. I think your right in that if there is no announcement by end May now, there would undoubtedly be a retrenchement in price. Therefore, it is reasonable to say that expectation will build until the last few days in May when the start of disillusionment would set in (if there is no announcement by that time). I wouldn't build on that though, since Peter Block has pointedly gone to Stockhouse and Dow Jones and said that there would be a deal announced. My opinion is that a media campaign has clearly started and given the evidence we may well see another media article prior to the actual announcement. Meanwhile, expectation and information to new audiences suggests we won't see much of the 3's in mid May (although daily movements may well touch them here and there).