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Microcap & Penny Stocks : OPMRF

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To: XOsDaWAY2GO who wrote (221)5/11/1998 3:52:00 PM
From: Thean  Read Replies (2) of 283
 
Barbara - you do realize that OPMRF next quarter as well as 98 full year earning has been lowered by Gerald Klause Mattison, the only firm following OPMRF. My thinking is it is the management's guidance and not the intrinsic growth of U-Scan due to heavier than anticipated investment in the support function of U-Scan. This simply pushed back OPMRF's timeline for breakeven earning but not the fundamentals of the business. If OPMRF continues to drop from here, I expect the supports to be around $12 7/8, then $11 7/8, then $11. If OPMRF drops to below $12 by Thursday when the company announces the earning, which is expected to be negative (consensus is $-0.09 according to Zack), the stock may get a relief rally. However, if company statement is not too enthusiastic we may see OPMRF sell off once again. If the company spells out their future plan in detail, OPMRF will go back up. All IMO.
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