Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: John F. Dowd who wrote (1804)	5/19/1999 10:23:00 AM
From: David Rubin	Respond to of 1998

The drop has been on low volume so I'm not worried. During the recent run up from 24-29 the average volume was over 200K, and on the pullback the average has been less than 100K. I hope ORCT hammered out a bottom on 5/5 in which case we should find support at 24, should it get there. The market has been jittery lately so it makes sense for there to be some profit taking after last week's run. One thing I noticed is that almost every day there is a fairly large buy at 4PM, which could indicate that some big players are accumulating the stock. Technically, we still have a pretty nice uptrend in place, though there is a bit of a head & shoulders formation as well. The 30 day moving average has provided support, and it currently sits at 26.