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Microcap & Penny Stocks : THE OZONE COMPANY! (OZON)
OZON 11.600.0%Dec 18 4:00 PM EST
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To: Starduster who wrote (2037)12/26/1997 1:22:00 PM
From: Marlin C. Harmon  Read Replies (2) of 4356
 
Sandie,

Often seasonal trading will cause stocks to move slightly up or down when not too much else fundamentally is happening. Usually we see stocks moving up the day before a holiday and either laterally or slightly down the day after. Also, the January Effect is a trading phenomenum many traders count on for good upward moves. This is caused by new money flowing into the stock market after tax loss selling. If this activity occurs, --sometimes these seasonal pressures aren't 100% realiable because of fundamental extremes that sometimes exists--, it should be noticeable soon and extend to about January 15th. And then if OZON publishes some news of contracts or alliances that project significant profit then the stock is on its way to new highs.

Incidentally, I noticed that the bid went down to the 1.37 I thought might be the low but I didn't see and transactions actually recorded at that level before the bid moved back up. It will be interesting to see if that holds. The reason being that that level was near the high several months ago before the significant drop to below 1.0. The significance is in the fact that many shareholders bought in at that level, which at that time was a high. Their frustration when the stock dropped to below 1.0 to .75 may have carried through and they may not want to continue to hold the stock if it looks like it may go lower again. The fact that now sellers yet at that level is a good sign.
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