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 Gold Customer
Joined: 12/2/2004
Posts: 28
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After 1 1/2 months of consolidation, OCN seems ready to breakout to the upside. Price has remained above all moving averages with the exception of the 20 day which was violated briefly. TSV, MS, and OBV have been strong and show positive divergences especially on long term charts (look at 1 month). BOP has been indicating acumulation, and volume has remained strong.
Although under $1 and very speculative, FMRX looks interesting.
Positive divergences in TSV (mainly due to a buy of around 2 1/2mil shares on 7/19), OBV (same as TSV), and especially MS, in all time frames. Price is above 20 and 50 day MA and at 100 day. Heavy BOP accumulation started back in Sept 05, and after a lull at the bottom from May to beginning of July, is strong again.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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OCN looks OK. Its biggest liability may be its group.
(if we stay in a rising interest rate environment)
I would like to see much more strength in FMRX.
Notice the price run-up in 2003-2004. There was plenty
of time to get on board.
Thanks
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Registered User
Joined: 3/25/2005
Posts: 67
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Ditto the comments from diceman re: OCN.
Looks quite good in isolation, but i show that it is losing ground against the market (relative strength vs. DWC--X).
JG
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Registered User
Joined: 3/25/2005
Posts: 67
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I meant to say that the group is losing ground against the market, not OCN individually. It's still doing quite well.
JL
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