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Technology Stocks : Osicom(FIBR)
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To: Roger Brown who wrote (507)1/31/1997 1:36:00 AM
From: David Pawlak   of 10479
 
The following is my technical interpretation of what's happening with the stock and should not be used as the sole basis for making a buy/sell decision. It is just my thoughts and opinions.

Judging by today's trading, it looks like we should see a continuation of the same for at least another day. I definitely like what I see:

1) Closed above the last rally's peak of 10 1/4
2)Closed at the day's high
3)Volume was 3.18 times the average, trading about 14% of the float. (new base)
4)Low-ball short tactics are being totally ignored and even laughed at (on the boards)
5)moving into the 3rd week of an increasing 50-day moving average (currently 8 43/64)
6)100-day moving average has finally halted it's downward decent for the first time since last summer and has leveled out for the second day now at 9 1/8.
7)BI Research reports have just started hitting the mail boxes.
8)Gotta Love that short interest! Can't wait to see 10 5/8 print tomorrow, which should signal a breakout and further upward momentum (possible spike?). What do you think the shorts will the shorts do? Run for cover when they find that they can't keep it at 10 1/2 like they tried today? 71,500 shares traded at 10.5 on 82 of the 620 trades...... someone was trying to hold it back!

We know the fundamentals are there, but now we have the technicals in our favor as well!
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