OPTV REC - FYI - AXXel
Opentv Corporation Class A [OPTV-13.12]. A break of $12 would put us to the buy side. If you want to talk back to your television set [and who doesn't given the icky stuff on it? If so, OPTV is your company. Revenues on a ramp-not so earnings…yet. OPTV designs, develops, markets and supports software and
related components to enable digital interactive television worldwide.
For the 3 months ended 3/31/01, revenues rose from $10.9M to $22.4M. Net loss rose from $30.7M to $130.9M.
A jump off the base was caused by this: "…struck a deal to become the first
interactive-television company to crack the China market. The Mountain View, Calif., company's agreement with Shanghai Cable Network, one of the largest cable-TV systems in the world, will mark the first interactive television system in China.
We like the base-after all, it's not any $225 a share [can U believe it…in March, '00?] and we like the fact that we are not likely to get this much lower after this period of base building that began in '00. Strong Buy-for spec investors with a seat belt. UPDATE 7.19.01: $11.96. No change. We have the break of $12…now how far will the break take us? We want some volume here…we will break ten for the buy signal but only on volume to the downside please.
AXXel Knutson
www.TradingWeapon.com
axxel@blast.net
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