Oclaro, Inc. (Avanex-Bookham) Message Board

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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

OCLR 8.260

0.0%

Dec 10 4:00 PM EST

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From: Hawkmoon	2/9/2006 5:55:42 PM
	Read Replies (1) of 2293

Picked up a position the other day in this stock and was REALLY SWEATING the earnings and follow-through.. Almost sold this morning at the open, but it held strong and I wound up making a nice flip near the high.. Then I repurchased at 1.23 hoping we'll see some further follow through over the next could of days and weeks. There was a significant Bollinger Band pinch on the daily chart, which is what attracted me to the position. It's now "flaring" to the upside which, combined with the oversold indicators on the daily and weekly stochastics, indicate further up to 1.50-2.00/share. bigcharts.marketwatch.com Weekly chart: bigcharts.marketwatch.com I rate it a strong buy for at least two weeks. Hawk

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