SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (2168)3/22/2006 11:27:47 PM
From: Hawkmoon  Read Replies (1) | Respond to of 2293
 
That conference was held March 17-18, 2006, and their appearance is canceled - very odd. The stock went to $5 after cancellation?

I don't have confirmation on that... Just part of the rumour mill. But it would explain the retracement.

And if true, this stock will likely be heading back to $2.50/share where the 20 DMA is currently located. It would bring it back into the channel:

bigcharts.marketwatch.com

Without powerful news, it's going to take some real demand and trust to repair the technical damage.

Hawk