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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To: Hawkmoon who wrote (2099)	3/9/2006 2:12:51 PM
From: Hawkmoon	Read Replies (1) of 2293

Methinks AVNX is getting ready to make another move to the upside. The Bollinger Bands on the 60 minute chart are REALLY starting to pinch. This indicates that there is a "stand-off" between buyers and sellers. bigcharts.marketwatch.com I can attest from watching Level II all day long that someone is trying to keep the lid on the stock at 2.30 since the pop this morning. There have been 4 major attempts at penetrating that price, to no success. But I think they are going to have to let it run... Btw, there was a TREMENDOUSLY valuable series of posts from a guy on Yahoo. I'll try and see if I can remember to post it here after the market close. But in sum, he seems to indicate that AVNX has the broadest product line of all the Fiber Optic providers. Yet this stock extremely undervalued in relation to its direct competion like JDSU. Hawk

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