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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (1103)	4/18/2000 11:31:00 PM
From: J_W	Read Replies (1) \| Respond to of 4564

Hi Duane, Yeah, things are looking pretty good for OPMR imho. I doubt if it will see 33 again, baring a market meltdown, but it may see 35-36. It saw 49 before the naz went south. Last earnings OPMR got taken down after announcing the SPO (which has now been completed at 39). Also some thought expenses for the quarter were too high and didn't like the number of installs done during the quarter. I attribute the higher expenses to the ramp for all these installs they are going to be doing this year. You just don't hire people and send them out unprepared. Also the previous quarter included Y2K and all those holidays. That really limited their installs for the quarter. Most customers do not want systems installed during the Xmas holidays. I expect them to report a knockout quarter when they report on Apr 25th. I got back into LSI Monday @52. Look like they will be reporting on the 25th according the LSI thread. Also got in RFMD today. I have a lot more respect for Ralph Bloch now. He was correct on the direction, just not the depth and speed of the recovery. Unlike a lot of others he is willing to change his opinion and admit his previous views were not totally correct. He was sure bearish before. I agree with those seeing some resistance at 3900 and 4400. It won't be straight line up from here but it should make for some good trading opportunities. Take off your bear suit Duane and go into trading mode. Jim