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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (28256)	3/2/2000 12:09:00 PM
From: Stock Watcher	Read Replies (2) \| Respond to of 52051

Puff; on ONDS; looks like support $75 (duh); temp. resist. @ $100 (which it broke through today) - next resist. @ $115 & major break-out level is double top of $130: bigcharts.com rev's went wild in last reporting period; loss irrelevant @ this stage, "For the nine months ended 9/30/99, total revenues totalled $6.6 million, up from $2.2 million. Net loss rose 59% to $9.3 million. Revenues benefitted from the market acceptance of CenterStage products. Higher loss reflects increased staffing and higher sales commissions." key issue: very low float @ 3.5M/19.2M OS....as long as they don't have a secondary offering and dilute investor's holdings - it looks like a real winner; (2) other issues to consider: wide spread & low volume; it might be a good idea to call the IR person and try to get some sort of reading on the possibility of a secondary offering....they have $68M cash, but they could easily lose $12M this year, so cash may become a concern IMO....overall, it looks like you have a gem here...sw