Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (117649)	11/30/2000 11:15:04 AM
From: Jenna	Read Replies (3) of 120523

ONIS.. wow twice on watch list as a short and it died. almost cut in half since November 22 marketgems.com November 22, 2000 5> ONIS - ONI SYS CORP Price= 60.1 This one could do a "CORV" dance. If it moves below 58 could be a short down to 50, 40 and in freefall. November 28, 2000 1> ONIS - ONI Systems Price 51 15/16 ONIS has been trending lower the short term indicators are pointing at a sell. Directional indicators are negative and showing a strong downtrend. For ONIS both daily and weekly charts show weakness, daily and weekly MACD are below 0 and stochastics have turned down and are at zero. Short and long term sell, or sell short signals would be given on a break below final support at 50.38 the 52 week low. Resistance is at 53 1/2 and the next resistance is at 55 9/16 and that will be a short term buy signal . ONIS price target was cut from 155 to 95

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