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Technology Stocks : Optimal Robotics Corp. (OPMR)

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To: J_W who wrote (176)2/25/2000 8:18:00 PM
From: Thean  Read Replies (2) of 325
 
Apparently the street also reacted negatively on OPMR's announcement yesterday. It is interesting to note that today's trading volume almost matched that of yesterday - meaning those who betted on a breakout play yesterday bailed as soon as things did not turn as planned. I bailed my trading shares as well this morning.

Now with $41 support broken, we are coming abruptly to the midline BB and a retesting of the recent support ($35) will be likely if OPMR does not bounce off the midline BB. But with the sentiment taking a hit from yesterday's announcement and the tone of the overall market being so weak, the only thing that can pull OPMR out of this short term dark cloud is fresh positive news like more PO's.

I will let it wiggle a bit more before buying again.
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