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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)
OCLR 8.2600.0%Dec 10 4:00 PM EST
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To: xgin who wrote (2119)3/12/2006 10:11:35 PM
From: Hawkmoon  Read Replies (1) of 2293
 
Yeah... I see where you tried to post those chart links to Bigcharts and they didn't transfer properly (except the hourly chart worked)..

I have to say, you honor me.. ;0)

Btw, I played AVNX a couple of weeks ago when it first ran above 1.50/share.. I got scared off by the volume the day before, despite the massive accumulation that was evident that day, and thought I was going to get a retracement, so I sold..

The Stock obviously never looked back.

So that weekly accumulation we ended with next week, PLUS the very controlled manner in which the mmkrs would hammer on the Ask, seems to make it appear they might let it run this week, permitting them to comfortably go short at higher prices, and then dropping it back down possibly to the 3-3.50/share range, which is where it topped out back in Jan, 05.

I think they need this stock to exceed $3/share so that more institutions will be convinced to buy the stock and shore of the foundation of the stock.

As it stands right now, support is at $2/share and given the accumulation from last week that was evident, many institutions might be a little upset to see their stock positions fall below what they paid for it (especially after all of that evident price manipulation we saw in the later part of last week as they tried to keep a lid on it).

We'll see if I'm reading the tea leaves properly..

Hawk
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