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Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (1142)	4/20/1998 5:58:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 1998

I hope you find the following of help. ORCTF is a thinly traded stock, with all the profits and pratfall inherent therein. One of these is pratfalls is the reality that the stock is SHORT-TERM overbot on a technical basis, i.e., some profit taking is occuring. However, MORE importantly, this is the only opportunity some of the micro microcap Navallier fund mgr players accumulate shares. They "shake the trees" to buy shares below the market, and the only way the mm makes their 3c per share is to drive the price BELOW the buy level and then cross shares. It is an ooooooold oooooold storyline, and thin stocks are primo candidates for said actions. In point of fact this reality is so predictable, I can probably give you some "target" price support points on this little sell-off. However, while I'm on the subject of thinly traded stocks price action, I'd like to go on record as suggesting that the principals will exchange restricted and non-restricted stock both to those institutions which are clamoring for some, before running the price up and doing the secondary. Shlomi seems to think it will not quite occur that way, and I'm most interested in finding out why he thinks ORCTF will be different than most at this "thin float stage." O/49r