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

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To: Doug R who wrote (154)4/13/1997 12:59:00 PM
From: rustyjack   of 375
 
Doug, thanks for your reads on ONPT.
I decided to try seeing what you see by printing out your post and a chart of ONPT. I put them side by side to study and quickly realized that I had two new pieces of scrap paper.Perhaps a buy, sell or hold would be better. Good,Bad or Ugly..Up,down or sideways,whatever.

The stock tried to go up on Friday, but the market was terrible and pushed it back.Finishing unchanged on a day like that would seem to mean not too many holders are ready to take profits yet. I wish I did know the story behind this company. We are either looking at a big turnaround or some long drawn out manipulation. I think it's a turnaround. This coming week should tell something.If I understand correctly, they should have no more than a two week extension to file earnings.

BUT, last year they waited till May 26 to announce year-end and 1st quarter reports at the same time. They were late and had an E added to the stock symbol(LOTOE). I hope it doesn't become ONPTE this year.

If you want proactive, get Instock to buy a few shares. He will turn the company and the internet upside down and inside out for info.
I will just sit patiently and wait.
Ron
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