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: xgin who wrote (2105)	3/10/2006 1:08:19 AM
From: Hawkmoon	Read Replies (2) of 2293

Stuart, It appears that the chart I posted didn't translate properly to Yahoo. None of the Bigchart indicators were included in that link. Try these, if you want to repost. You might need to copy/paste the link separate from the entire post to make it work: bigcharts.marketwatch.com bigcharts.marketwatch.com There is a chance it could get sloppy tomorrow since that pinch seemed to be spoiled by the mmkr manipulation. However, we have some support on those moving averages on the hourly chart. But we need some more upside in order to bring the daily Moving Averages up the $2/share level, which is effectively the bottom of this stock (minus serious manipulation).. I read this BS over on Yahoo about Reverse Splits, Dilution, and massive dumping by the private investors. I certainly don't see a reverse split.. You just don't something like that when you've just sold 24 million shares of stock @ $2/share. It would be corporate suicide, IMO and would sour the possibility of future investment opportunities. Dilution? Hell, an offering at 20% discount to the close of trading on a day the stock was soaring and possibly to pre-parabolic levels? Dumping shares? It seems to me that if Jo Major sold shares there were intended to be immediately dumped back into the market, he could have held out for more money.. It's possible, but unlikely.. I think that any private investor who bought this stock is looking for at least 50-100% returns before he decides to dump and that would be when the stock approaches $3/share (given it would take serious volume to distribute that much stock).. Furthermore, they are warrants they want to cash in at some price in the future. So they obviously want the stock to climb even higher so that they can sell at $4/share and excercize their warrants at $2.73/share. Hawk

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