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Technology Stocks : OCCF: Optical Cable Corp

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To: Matt Kaarlela who wrote (383)2/17/1997 1:49:00 PM
From: redbird   of 545
 
I am not sure about WSJ big movers, but OCCF is on the SI Big Mover list and will be there until Tuesday night. Plenty of time for others to notice. The only reason I can guess for the fast pace of the move up is shorters covering on expectations of a higher price. HEDGE is correct in stating no news or broker information, that I know of, has reached the general public. If a shorter had sold in the high teens, he might be taking profits now rather than face the chance of a good 1st quarter report.

My question is, what is their next move? If I were short on this stock, I might short it again on Tuesday just to scare some people into taking their profits so I could cover the rest of my short positon. Is volume still the key? If price lowers or raises on higher than normal volume, does this mean a higher price is still ahead?

Redbird
One of these days! Pow! Right to the moon.
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