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Technology Stocks : Open Market (OMKT)

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To: Fern Gult who wrote ()	12/31/1998 12:40:00 PM
From: Stock Watcher	Read Replies (1) of 2004

F - on OMKT/just a thought/trading range has been moving higher over last two weeks (not including yesterday and today). This stock has been a favorite for day-traders. It opens with a bang on Mondays and drops down to rock-bottom support level on Friday at close. Also, don't forget this stock is under heavy tax-selling (especially after run-up to 24 the day after Thanksgiving). Recent support has been @ 11.31/resistance @ 15/Look for "wash-out" @ 9.75 and then a straight run-up to 20 - look at charts for CKFR and SDTI (contemporarys of OMKT), and you'll see the classic "drop" to 15% below support level, before moving higher into new trading range. This one is a keeper. A component of ISDEX on Phil. Exchange/pure internet index. OMKT is by far the market leader in e-commerce software.

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