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Strategies & Market Trends : SPARKY'S CORNER

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To: Bruce A. Brotnov who wrote (3911)	1/28/1999 10:29:00 PM
From: Dwane Houghtaling	Read Replies (1) of 4142

Bruce. Its been a while since OVRL has been mentioned here. Ever since the earnings announcement back on the 14th, OVRL has been trading lower and lower. I believe this was a result of what they're calling an "earnings play" over on 3Amigos -- run up to earnings and then a sell off (??). I was looking at the chart tonight and it looks like it should be turning around soon (Stochastic showing an upturn at 25). However, the MACD is nice and wide heading DOWN. The volume has been fairly consistent with its 50d average while the price is below both the 9d and 20d EMA. OVRL still have a good rating in PoorMan$ but just about hit its support level at 7 1/2 today (which is also your stop loss point). Do you still think it'll hit 14? What's your opinion on this stock. Thanks. Dwane

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