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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Brian D. Potts who wrote (6612)11/10/2003 6:16:28 PM
From: Smiling Bob  Read Replies (3) | Respond to of 19256
 
OPTV - my Monday afternoon analysis
I remember some support being at 4.19, where I had purchased(resistance then, of course ) That held today as well
Started day with low to moderate volume and selling off on small trades. watched it tick down on 100 share trades
Selling picked up a bit which caused a little panic and MM took advantage.
I see no reason to sell or be concerned, as nothing has changed but the present paper price.
.61 cents is a price drop OPTV hasn't experienced more than a handful of times these last few months. Every other drop has been countered with a solid rebound. After a remote possibility to test 4 for a trade or two in early trading, the price will again come back swiftly.

Seeing that earnings are Wed. Apprehension making some nervous. Should close tomorrow around 4.60.
Cash burn being a concern was expressed in last PR. That may be priming us for an unpleasant, but improving number there. CC at 2pm is encouraging. Beats the after close Conf. calls.
On the bright side, volume picked up as a result.