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Technology Stocks : Optimal Robotics Corp. (OPMR) -- Ignore unavailable to you. Want to Upgrade?


To: J_W who wrote (176)2/25/2000 6:07:00 AM
From: Thean  Respond to of 325
 
Jim,
Frankly I'm not impressed with their 4th Q number. Their cost is ballooning and they would have a loss if not for the tax recovery. For now the stock is still driven by the prospect of future demand but at some point the focus will shift to operation efficiency. Their takeover of the assembly operation will help but this will not show up until for another year. It helps that they can raise capital to fund the expansion/streamlining activities but they can't possibly do a secondary offering every other quarter without further diluting shareholder interest.

I would really like to see a new GKM report and analyze how they can/cannot reach $1 in earning in the next 4 Q's.



To: J_W who wrote (176)2/25/2000 8:18:00 PM
From: Thean  Read Replies (2) | Respond to of 325
 
Apparently the street also reacted negatively on OPMR's announcement yesterday. It is interesting to note that today's trading volume almost matched that of yesterday - meaning those who betted on a breakout play yesterday bailed as soon as things did not turn as planned. I bailed my trading shares as well this morning.

Now with $41 support broken, we are coming abruptly to the midline BB and a retesting of the recent support ($35) will be likely if OPMR does not bounce off the midline BB. But with the sentiment taking a hit from yesterday's announcement and the tone of the overall market being so weak, the only thing that can pull OPMR out of this short term dark cloud is fresh positive news like more PO's.

I will let it wiggle a bit more before buying again.