YOu are slacking off not getting us in IREG.....OPTC is blasting off...look at this...there seems to be some question as to institutions owning more than the float.
JP
Optelecom, Inc. {OPTC} appeared in the 10:00 a.m. EST ProSearch run, New Six Week Highs. The stock is on the move today with a 28 percent surge on bullish volume. OPTC has already traded 100,000 shares this morning, more than twice its thirty-day average. The stock has peaked at a new two-year high of $13 1/16 today in its first test of $13 since 1997. OPTC has found initial resistance in this range and is trading around $10 1/2. The stock has exhibited its second consecutive positive opening gap and has climbed from Friday's close below $7 to today's heights - charting a two-day gain of more than 50 percent.
6-Month Chart of OPTC with 21-Day Moving Average Line
OPTC has been the beneficiary of intense institutional interest recently. The stock has climbed from as low as $2 in November to today's heights in a bullish uptrend marked by institutional accumulation. OPTC reports 2.15 million shares outstanding with an estimated float of only 1.8 million shares. Net purchases by institutions in the last three months has totaled 2.5 million shares. This seemingly skewed number implies that this stock is experiencing heavy institutional play, and, in light of this situation, continues to show potential for upside momentum. With net purchases by institutions in the last three months totaling more than the estimated float of this stock, OPTC warrants further investigation as an investment candidate.
OPTC is a manufacturer of fiber optic communications products and laser systems for commercial, military, and multi-media applications.
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Optelecom, Inc.
9300 Gaither Rd.
Gaithersburg, MD 20877
Phone: 301-840-2121
Fax: 301-948-6357
Optelecom's focal point is fiber optics. The company operates three business segments: more than 50% of sales come from its Communications Products Division, nearly 40% from its Paragon Audio Visual subsidiary, and the remaining 10% from its Government Products Division. Communications products include fiber-optic video, audio, and data transmission equipment for such applications as process control, air traffic control, and traffic monitoring. Paragon designs copper wire cables for multimedia computer applications. The Government unit provides technology development services to the US government and makes laser illuminator systems for the US Air Force. Government contracts account for 18% of Optelecom's sales.
optelecom.com
Top Competitors: Alcatel USA | ANTEC | Nortel Networks |
