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


To: Harold who wrote (430)7/28/2003 3:07:57 PM
From: George8  Read Replies (2) | Respond to of 449
 
Harold:

I've reduced my OCCF position by 70% in the last two weeks. I'll hold the rest for a little longer, unless $6 is violated on a closing basis.

Fundamentally, I believe OCCF will be a good investment. It is making money with little debt. Float is very small. If market corrects sharply in late Summer or early Fall, I'll buy back shares that I sold.

Technically (weekly chart), OCCF is consolidating in a down triangular flag, which is more likely a continuation pattern (bullish).

George