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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Challo Jeregy who wrote (23527)9/3/1999 2:23:00 PM
From: papi riqui  Read Replies (2) | Respond to of 34809
 
Challo,

Re: OAKT.

I was just about to mention this stock as one to watch when you beat me to it! I've followed it for years and it looks as if it may finally be ready to make a move after bottoming out at 1 5/8 a year ago. The PnF chart is starting to look promising.

Fundamentally, OAKT is still unproven. As you may know, it was the leading cd-rom controller supplier a few years back, then fell on hard times when the bottom fell out on chip prices. It was slow to make the transition to DVD and has gone through a couple of product transitions in the past 2 years (complete with change of management teams). It's focus is no longer on the pc (commodity business), but on the imaging industry (optical storage, digital office equipment). A recent infusion of new management blood from Quantum and Intel, and new acquisitions (Pixel Magic and Xion) have shareholders excited. If you want to know more, a good summary can be found at ebnews.com.

It's worth watching. What do you think?

PR