Omni Multimedia Group OMG-AMEX Message Board

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Technology Stocks : Omni Multimedia Group OMG-AMEX

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To: mark polasky who wrote (24)	10/8/1996 7:20:00 PM
From: Thomas C (Hijacked)	of 86

Mark I read about that too. I also just read today that Citadel LP just bought a 9% stake in the company. Do you know when this company went public? Was it about a year ago? You know another interesting thing I have been watching is the price chart of this company. I don't know if you follow technical analysis or not, but I have had some great insight recently looking at the price chart of OMG with the Metastock windows chart program. By looking at Volume in combination with indicators such as MACD (Moving Average convergence divergence) and Williams %R (Overbought, Oversold indicator) I am getting a better sense of when to get into this stock. One thing which I found really fascinating is when I decided to look at Atari Corporations stock for the last 6 months of 95 and the first 6 months of 96. Back then I was following Atari just for the fun of it because I liked the companies products. I didn't have any money in it but followed it anyway. Atari is also an AMEX stock. But the one very interesting development I noticed after looking at the price chart of Atari was the difference in price action in the last 6months of 95 versus that first 6 months of 96. Atari was in a major price decline during last 6 months of 95 just like OMG. Atari was heading down to the 1.50 range and stayed there for about last two months of 95. BUT THEN, exactly on the 1st of January 96, the stock shot up big time by about %30 or so and thereafter volume increased and volatility increased a lot to to take the stock all the way up to about $9!!!! If you looked at the price chart, you would see an unbelievable difference between those two 6 month periods. I bet a good part of this is attributable to the January effect. All the tax selling was taking place near end of 95 but then, in 96 with a new attitude and a new tax year investors poured in. So, it seems feasible to me that OMG could also benefit from this upswing of the new year. Will wait and see!!!!!!!

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