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To: Arthur Tang who wrote (1395)6/2/2001 4:31:44 AM
From: Chartgod  Respond to of 1471
 
Do you mind if I reply to this?<eom>

tanx~~

jim



To: Arthur Tang who wrote (1395)6/5/2001 9:43:07 AM
From: Arthur Tang  Read Replies (1) | Respond to of 1471
 
Last Friday, my oldest friend Nick called me wanted to talk about Kopn which I did not follow. However, I did know John Fan personally over the years, and had discussion with him when he got venture capital from Van Rock associates who had large positions in Intel and Apple. Then they got substantial investment from government of Thailand. These are the large stockholders(deep pockets).

The conversation lead to whether he could sell 4000 shares at $15. I had to tell him to read here. Today I look at the close yesterday and it was $10(ask).

First, chart study, Kopn just "breakout" from bottoming recently. Fundamentally, Kopin has something in the fire in new contract and new technological break through. Shorts by market makers just dropped from over 2 million shares to 450,000 shares in April. Then shorts increased in May to below 1 million shares again. Market makers on KOPN is over 80 in numbers. Liquidity is good, 1.2 million shares traded daily. Lead market maker is Salomon Smith Barney, which may account for the curve of KOPN in the past year. The present profit taking, yesterday, will build to another retrace of the curve of the last two years, if Kopn continues to have support from venture capitalists.

Short term, there will be profit taking opportunities. Long term the company will continue its course due to MIT Lincoln lab connection and venture capital refunding. But you have to know the lead market maker and anticipate their boldness in moving or pulling back. Some analyst said Kopn is a boom or bust stock, you just have to watch the market makers.

Foot note; Shorts data can be had by searching on Yahoo portal of "Nasdaq shorts" to click on the web site; market makers can be had if searched for "Nasdaq trading data" then click on monthly trading volume on one of the tool bar subtitles.