OCCF: Optical Cable Corp Message Board

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Technology Stocks : OCCF: Optical Cable Corp

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To: rd greer who wrote (339)	1/23/1997 9:12:00 AM
From: redbird	of 545

RD , I noticed the same thing. There is an excellent charting app at iqc.com which allows interday and intraday charting. I used to work for Knight Ridder Information, now Bridge. They provide data and analysis tools to CNBC and brokers. Some of the analysis tools we provided to brokers for thousands of dollars are on this app. It is still 20 min delayed, but the long term analysis is excellent. Another good app is at alphachart.com , but it does not cover OCCF. Between the apps and the nasdaq.com quote page, I watched all day as the ask and bid rose higher and higher. Most of the indicators such as RSI and position within the Bollinger indicate OCCF is just a good news story from rising again. The shorts and its high P/E (60 is rather high for a normal company) are the anchors holding it down. Continued revenue and profit growth in the January 1st qtr report could counteract the P/E worries. This might be what we saw glimmers of yesterday. Still, it may have been another bump on a downward slide. As I have said before, I would love OCCF to rise now but I am willing to wait long term for the big jump. I would still like to know how much OCCF is currently shorted. If it is still short 500,000 shares with an average daily volume of around 50,000 then it would take 10 trading days for the shorters to cover their position. From what I read on the Motley Fool, this is a rather long time, and would provide enough fuel for a short squeeze. Well enough of my rambling. Good luck today to all. Redbird Float like a butterfly. Sting like a bee.

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