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Technology Stocks : Open Market (OMKT)

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To: steve poon who wrote (1100)2/7/1999 5:43:00 PM
From: Rob  Read Replies (1) of 2004
 
Good synopsis and extrapolation, Steve. (Or did you copy a post?) Anyway, I found the CC to be "filled with portent" ;-) as well...

Shorting OMKT must be getting more difficult and frustrating from a TA perspective, because it's becoming supported within a tighter and tighter range off its highs. I loved the way it held up on Thurs/Fri in a really uncertain tech market overall. Just great. IMHO, this stock is firming up in the mid-teens and pushing higher from here. I'm looking forward to the Goldman Sachs tech conference highlights on the 12th. Hope someone has access of some kind in real time; I'd love to trade some OMKT off the presentation.

Good luck this week. I'm picking up more OMKT at any price I can find and putting most of it away. The risk is being sucked out of this one as more and more institutional types get on board with their 10,000 share blocks and their 6+ month time horizons. FWIW.

Cheers,
Rob
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