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Strategies & Market Trends : The Amateur Traders Corner

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To: Paul Kern who wrote (3408)	11/19/2000 10:55:16 AM
From: Tom Hua	Read Replies (1) of 19633

Paul, OVTI: trading opportunity this week. Stock dropped 36% Friday on no news. After the close the company tried some damage control with a quarter pre-announcement 2 days before the actual release date. They will meet estimates of 9 cents. Stock rebounded AH. OVTI lost about 50% last week. Revs were up very little sequentially, earnings were down from previous quarter, ie., deteriorating margins. I think stock may rebound a little more Monday morning. I may ride it up with tight stop, and then short it down to single digits. Regards, Tom

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