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

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To: Stefan Habermayer who wrote (118)4/4/1997 9:28:00 AM
From: rustyjack   of 375
 
Stefan...........

You are right about record volume. But 493,900 shares with no change in price has me concerned. We seem to have strong resistance at 1 3/4.
Any chart watchers here to confirm. I think that if we can't break out of resistance and if earnings are delayed for too long, we may see a small investors (like us) become impatient. I was looking over the press releases for last year and realized the company reported year end and 1st quarter earnings on 5/23/96. This was the period when symbol was changed to LOTOE ,the E representing late filing.
I hope we don't end up with ONPTE.

Watching closely, Ron
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