THE OZONE COMPANY! (OZON) Message Board

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Microcap & Penny Stocks : THE OZONE COMPANY! (OZON)

OZON 11.60

0.0%

Dec 19 4:00 PM EST

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To: Cents who wrote (2027)	12/24/1997 6:23:00 PM
From: Marlin C. Harmon	Read Replies (1) of 4356

Cents, We had over a million shares bought and sold during the big push from below 1.0 to 1.75 in October. Someone, who is better at TA than I am, once told me that approximately 3X the high volume areas must be bought and sold to move up or down past support or resistance zones. For that reason I don't think the stock price will fall much farther; but we could see a little more dip to the 1.37 level.. It is very hard to tell where the technical bottom is since all of the multiple day support areas have been taken out. THe one day where over 1 million shares were bought and sold in October is the one major support area that should remain intact. The problem we have there is that it is hard to tell what specific prices intraday carried major volume since I have no way of separating the buys and sells for that particular day. If we had that information we could more accurately determine where the support zones are. Also, I don't think that there will be much more sell off because tax selling is almost over and usually from now until the 15th of January gives us the January effect. This should benefit the microcap and small cap stocks. Hopefully, OZON will be seen as a good buy. I am watching carefully for some good signals of strength at which time I will begin to accumulate again. I thought that would be at 1 7/8 but the signals never turned on the alert. Cents and all OZONers, This has been a very enjoyable quarter interracting with you and reading your insightful comments on this thread. THis is one of the threads I enjoy reading and contributing to because I usually feel upbeat after stopping by. I continue to beleive that Bill S. and his team will bring increased value to OZON in 1998 and beyond. May all of you have a very happy holidays and remember those parts of each of our lives that really contribute value... relationships with friends and family. Best Wishes, Marlin Harmon

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