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Microcap & Penny Stocks : OPMRF -- Ignore unavailable to you. Want to Upgrade?

To: XOsDaWAY2GO who wrote (206)	4/29/1998 9:56:00 PM
From: Thean	Read Replies (1) \| Respond to of 283

Rick Schottenfeld's public recommendation of OPMRF on CNBC is 100% touting job. He has his own company, Schottenfeld Associates, and if I were to guess, he is a hedge fund manager. I won't be surprised at all if he has taken up a sizeable position the last week or so and supported OPMRF in high 14's. The intraday chart shows that most of today's action is actually between a very tight range of 15 1/4 - 3/4. As much as people are buying, someone is also willing to sell. I believe if no news come out of OPMRF, this type of hype trading will fade very soon, with OPMRF closing below $15 by Friday very possibly. For tomorrow, I think OPMRF can certainly test $16. Its BB has expanded once again and this typically means there will be upside bias going forward. There are three scenarios that can come out and help OPMRF. Everyone is waiting for these: 1. New customer buying - like Walmart, Meijer and Kroger 2. Deal with IBM as a global marketing partner. 3. New coverage by other brokerage. Currently they only have one - Gerald Klause (?).