Rumour or not, OTEXF is simply a "cheap" (as pointed out by Barron) internet stock compared to others in the group. (SPLN, ONSL, PTVL, SEEK, YHOO, AMZN, ...)
When the whole internet group becomes hot again due to its immunity to the asian problems , there is a lot room for OTEXF to move upward. After a brief profit taking, we might see it move again towards the end of the day.
From Today's MF: ==================================
Internet stocks gained as the latest investment thesis posits that the sector will be isolated from the Asian financial problems causing the latest "tech armageddon." Search engine company Yahoo! Inc. (Nasdaq: YHOO) added $4 7/16 to $85, fellow search engine Infoseek (Nasdaq: SEEK) advanced $2 15/16 to $21 5/16, and Excite Inc. (Nasdaq: XCIT) ascended $4 5/16 to $52 3/4. Online bookseller Amazon.com (Nasdaq: AMZN) was up $6 5/8 to $83 3/8 and cyber-auctioneer ONSALE (Nasdaq: ONSL) rose $2 7/16 to $31 1/8 |
