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Microcap & Penny Stocks : Stratford Acquisition (HARD) - Turnaround Extraordinaire?

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To: David Wideman who wrote (17)3/9/1998 11:17:00 PM
From: David Wideman  Read Replies (1) of 34
 
Not that anybody will ever read this, but for the record:

Big Charts
bigcharts.com

If that link doesn't work, I think you can get there at
www.bigcharts.com
Go to interactive charts and take it from there.

Summary of OBV (On Balance Volume) - shows if volume is flowing in or out of a security:
Dates/numbers are approximate.

early April, 1997: OBV = 500 Price = .75
late June, 1997: OBV =(600) Price = .28
March 9, 1998: OBV =1000 Price = .23

April to June '97 - price down .47 (60+%); OBV down 1.1M - Makes sense
June '97 to today - price down .05 (18%); OBV UP 1.6M - Makes no sense

Even though price has been stagnant, even down a little, over the last 8-9 months . . . OBV shows a positive 1.6M shares.
Seems to indicate lots more buyers than sellers. Hopefully a good indication.

From Investools:
investools.com
Since big drop in June '97, 13 days of 100+K volume. 12 up vs. 1 down
Confirms increase in OBV?

Shareholders letter due any time now. Hope it's got good news.
February (probably) ended Q3 with $0 revenue.
Maybe Q4 will be different.

I'm one faithful shareholder. Let's just leave it at that.
David
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