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Technology Stocks : Optical Cable Corporation - OCCF -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (412)	1/23/2003 9:21:00 PM
From: George8	Read Replies (2) \| Respond to of 449

Chris: Actually, I think that was $3M well spent. At $2/share, the purchase reduced the outstanding shares by 21%! At their planned rate of business, paying a little interest is not a problem. At today's closing price of $3.27, the shares are priced at much less than 50% annual sales. If the sector rebounds a bit, OCCF's earning power will send the shares prices much higher. Yes, around 9.45 am tomorrow will be good time to take some profits. However, I am thinking to reload them soon afterwards. At this point, I like what I am seeing on OCCF on a combined technical and fundamental term. George