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

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To: Tom Allinder who wrote (73)3/23/1997 5:07:00 AM
From: Stefan Habermayer   of 375
 
Thomas, yes this could be a scenario - however, there is one thing we can NOT see on the Chart:
Does the Chart tell us, whether ONPT -ALREADY- mastered a full turnaround ? I cannot see this information in the chart.
Basically, I agree with your last mail. It is very good possible, it will happen as you mentioned. Now, the factor which we do NOT know is, WHAT information makes somebody to buy the ONPT share right now ? Will the earning be eventually "VERY" good ? If yes - is there still a possibility to get into ONPT at these levels, AFTER THE EARNINGS ?
The only reason, why I would buy (one more time), is because I assume ONPT being in a turnaround. If so, why to wait to the levels of 1.50 or 1.60 ? If NOT so, then there is no level to buy it at any time at all.
ONPT is coming from very high (over 8+ USD), so the "Entry Point" could be missed - if the Earning on the 31/3/97 shows a "radical" turnaround. Your mail had nevertheless a lot of good points. Thanks for it !
Regards,

Stefan
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