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: FJB who wrote (2168)	3/22/2006 11:27:47 PM
From: Hawkmoon	Read Replies (1) of 2293

That conference was held March 17-18, 2006, and their appearance is canceled - very odd. The stock went to $5 after cancellation? I don't have confirmation on that... Just part of the rumour mill. But it would explain the retracement. And if true, this stock will likely be heading back to $2.50/share where the 20 DMA is currently located. It would bring it back into the channel: bigcharts.marketwatch.com Without powerful news, it's going to take some real demand and trust to repair the technical damage. Hawk

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