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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (9500)3/2/2001 7:20:19 AM
From: ChrisJP  Read Replies (1) of 11130
 
Hi Wayne,

It was 10pm; I was tired.

I looked briefly at the news last night, I also looked at:

biz.yahoo.com

and

biz.yahoo.com

Forward looking PE of 10, yet rated as a hold. Go figure. A contrary indicator maybe ? 4 brokers with opinions, a good sign IMO, since most brokers don't cover $1 stocks.

The news didn't have a contract value or a time frame, two things I look always for. That way I have some way to gauge if the news will have an unexpectedly positive effect on the company's outlook, which might provide an indication of what it might do today. I couldn't think of anything to say that would add value, so I didn't.

The best guess I can make as to how OAOT will perform is represented by this chart:

siliconinvestor.com

OAOT seems to be tracking the NASDAQ composite, with a slightly higher beta.

Regards,
Chris
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