ORIOLE SYSTEMS (OOL:VSE) Message Board

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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE)

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To: Jenny Pillen who wrote (40)	5/1/1998 10:14:00 AM
From: Steve Kirk	of 605

Hi Jenny, Something unusual going on here. The price should have closed below .40 both yesterday and the day before. It appears that someone could be "painting the tail" (buying up the stock at close to keep it at .40) in an effort to keep the stock afloat. This is both good and bad. Good if they intend to run the stock up higher and don't wish to start from a much lower base price and bad simply on principle. Usually this sort of thing doesn't work in the long run simply because the price range becomes too great between the low price of the day as well as the volume required to bring the price back up at close. The technical analysis of the stock shows increasing preasure on the price to fall although an overall decline in the resistance prices would suggest that the possibility of a breakout is also present. I would suggest that a close watch of the stock is warranted today and Monday, the true strength and direction of the trend should appear. A TECHNICAL REVIEW OF ORIOLE SYS FOR 4/30/98 LAST DAYS TRADING VALUES Open 0.3700 High 0.4000 Low 0.3600 Close 0.4000 Change Immediate Situation The price trend indicates weakness. Price volatility is within normal ranges. Expect the closing prices to range from 0.39 to 0.41. Watch for immediate price support in the area of 0.39 and 0.40. Immediate price resistance is indicated in the area of 0.48 and 0.41. Short Term Trend The short term trend is bearish. Intermediate Support and Resistance Expect intermediate price support at 0.30. Intermediate resistance is predicted in the area of 0.48 and 0.42. The intermediate trend is bearish. Long Term Forecast: The long term forecast is bearish. The positive strength rating is 0.00 percent and the negative strength rating is 150.00.

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