ONPT - A 52wk high price and volume Message Board

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Microcap & Penny Stocks : ONPT - A 52wk high price and volume

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To: Stefan Habermayer who wrote (72)	3/21/1997 7:43:00 PM
From: Tom Allinder	of 375

Stefan: I hate fundamentals... by the time "good" fundamentals are established in this company (or any company except the Intels and Microsofts) the money is already made. What does a chart tell you?.... It tells you everything that you can't read about. The chart tells all. Current Price is well above resistance during the last year. The stock started climbing around 10 Jan. Well,... somebody knows something, thats why the price is climbing. The price increase is fairly sharp. Somebody knows something and is buying this stock. What happens when Earnings are reported: The stock price will continue up a day or two, maybe sharply, then profit will be taken by a large number who bought in the .50 to 1.00 range and a lot of that profit will be taken from thiose who jump aboard when great earnings are released. Therefore, expect a correction in the price as profit is taken. If the company is solid, a resumption of the uptrend will take place. I will wait until after earnings and see what happens. If sometime in April or May the price breaks the resistance established at around 1.50-1.60 (around earnings release) then it will be a good buy. Buying now would ensure being one of those "resistance fellows". One other thing,...if the stock loses gound just prior to earnings report... SELL!! if you own it. Bad times ahead. Tom

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