Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Dante Sinferno who wrote (78702)	7/1/2002 6:23:06 PM
From: Francois Goelo	of 122087

>>>> OMC down 11% today... There seem to be only 2 levels of support/resistance left, in the $40.25 and $36.50 areas... If the market continues to fall, I believe both levels will be broken through before this week ends... Bad News are far more likely than good News, at this juncture, which would compound potential problems for the stock... Even though the stock is very oversold, one can maintain an overall bearish stance through Put Options, while taking advantage of its volatility by day-trading the stock both ways, so as not to miss the occasional Rally... biz.yahoo.com The steady progression of the Negative Tangible Assets Position, which increased from $1.5 Billion to $2 Billion in the course of one year is rather inconsistent with the company claims that "its cash provided by operating activities for 2001 was $775.6 million"... biz.yahoo.com JMHO, F. Goelo + + +

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