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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Mark Konrad who wrote (32460)	8/18/2000 12:21:55 PM
From: Mark Konrad	Respond to of 57584

OMKT...Can't explain today's rise or high volume. Since end of July (and low of 6), OMKT has announced the resignation of its ceo, released new b2b products, and struck new relational marketing strategies with several firms including AT&T and Sun Microsystems. The alliances and revenue growth (particularly in Europe) are fundamental strengths, imo, while the ceo resignation shows continuing mgt uncertainty. Just as there was some selling before the earnings shortfall (translation: somebody knew something), I wonder if today's action is the prelude to a new ceo announcement. I honestly have no clue and haven't found any info yet. Maybe some short-sellers are just locking in profits? Technically, OMKT is still in a mild uprtrend from lows at 6 but there is little to get excited about (imo) until 8 is firmly cleared. IFCI is pushing right against RBOP of 20 for potential breakout. INPH at about 17 is right at the apex of a wedge formation: support line from May lows and descending tops line from July highs. Bias looks to be to the downside (possibly in sympathy with ADIC) with declining stochastics and macd but a sudden move to the upside would not surprise me. BKHM...Maverick made a perfect "Bonehead" play!--MK--