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Strategies & Market Trends : Rande Is . . . HOME
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To: Steven Finkel who wrote (7777)6/2/1999 8:46:00 AM
From: Rande Is  Read Replies (2) of 57584
 
Steven, OBJS makes a great timing play. I like the Red Hat Linux products. . . when Red Hat gets red hot again, we could see some sympathy movement. Also Red Hot could IPO which would also see some sympathy movement. But I would expect more news from OBJS.

I am wondering if the buying between April 28 and May 4 was by P and Drs. . . there did seem to be an unusual amount of pumping. . . might be worth someone going back and researching the who whats and wheres of OBJS to see if there is evidence of pump and dump.

But if it is clear that OBJS made gains on its own, then we have a new timing play.

A good entry point for OBJS would be between 11/16 and 1/2 unless we see a DCB or if a new higher support level is established. . . but with the current rate of drop, I think we will go all the way back.
I have not peered into the company annual report or anything like that, so I am not clued into their game plan. The good thing about timing plays is that we are trading the stock. . . not buying the company. . .so unless there is reason that the stock could tank to nothing or is approved for an RS, we should be fine.

Rande Is

PS> Sorry. . .this message was meant to precede the one on Timing Plays. It was written first, but was hiding behind another window.
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