posted
I've been watching this one the last few days, It closed up today at $2.04 and I got in at $2.02. I was just looking for feed back . Check out the chart.
Pretty heavy volume today, it has been fighting the downturn and the downward momentum is gone.
It formed a double Doji .
THAT IS A BUY CONFIRMATION FOR THE OPEN BID!!!
Mac d has crossed and check out the RSI. It looks like a whole lot of indecision this week so far with a reversal play in the waiting . I think this looks good on paper technically and the company seems to be right on track I think this company is under valued and hit some rock bottom pricing today and is ready to rebound to well past three dollars per share,
Optical Communication Products, Inc. (OCP) is a leading designer and manufacturer of fiber-optic communication components and sub-systems. OCP’s extensive product line of transceivers, transponders, transmitters, receivers, arrays and CWDM solutions the metro, local and storage area networking markets. OCP supports Ethernet, SONET/SDH, Fibre Channel and ESCON-based applications with a scalable platform of optical modules, including SFP, SFF and GBIC packages.
OCP maintains four regional engineering design centers, three in the U.S. and one in the U.K., with a direct sales force to cover the North American, EMEA and Asian markets. In addition, there is a business office located in the U.K. to support our European customers.
OCP was founded in 1991 and has its corporate headquarters in Woodland Hills, California.
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Think after retrace from 4 mark, this will now reverse and head back to test break 4 area, i like the stock for the short intermediate and longer term. Support is 2.02 next resistance around 2.16 level once 2.24 broken expect to see it move up to 2.75, then break and gap up to 3.25.
stock was 4 dollars in march now the retracements over it will move back up to test those levels short term.
In my opinion this is a bull, you got to be very selective about the stocks you play in this type of market.
posted
This chart is ready imo...ADX turning up, if it passes 20 we have a new uptrend forming imo. MACD broke nicely, and RSI is going bullish...this chart is really sweet. The only chart ive seen for like this was CBAY at .16 now look at it. I think we have a great play coming up!
posted
Revenue for the second quarter of fiscal 2006 increased 35.6% to $18.3 million from $13.5 million for the same period in fiscal 2005, and increased 3.3% compared with $17.7 million for the first quarter of fiscal 2006. Net income for the second quarter of 2006 was $2.1 million compared to a net loss of $1.1 million for the same period in fiscal 2005, and net income $1.1 million for the first quarter of fiscal 2006.
"Our second quarter performance was in line with our expectations and we are pleased with the overall results," said Dr. Muoi Van Tran, OCP's Chairman and CEO. "We also continue to enjoy a strong cash position, with approximately, cash equivalents and marketable securities as of March 31, 2006."
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posted
dmxbr9 when I saw the chart the very first thing in mind was "it looks like CBAY". I think I am going to watch this one for the first 30 min. or so today, and probably join in with ya.
-------------------- skids are for kids
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posted
this is an ideal chart that we look for...all indicators say BUY, and not to mention candle stick reversal of the doji, and yesterdays bullish engulf! It goin to take time so be patient like CBAY, and imo CBAY just on a break we should see more gains from that to...MID - LONG TERM PLAY
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posted
Still a great time to get into this stock. Closed at 2.25 on friday. Can't wait to see what happens with this come monday. Good company 150 mil cash on hand ZERO debt. Very nice chart. A definate buy.
posted
I'm hoping for a close above 2.22 as well. Thanks for all the feedback on this one, I bought more at 2.14 last week. I'm holding strong for $3.oo plus. At that point there is resistance at 3.20 and then not again until 3.80.
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posted
It struggled to move up on friday. I saw it hit + .05 but it closed down at -.02. Hope monday brings this up. Very good stock and company. I see good things coming with this one. Definatly one to watch.
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posted
Down another -.02 today. Chart closed on a doji and hope this thing turns around. Stock is to good to be down for long. Hope for a green day for this one. Still one to watch.
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posted
Ahhh a nice green day for OCPI. Been waiting on one for a while:) +.10 is good compared to all the minuses we have been seeing. Should see some more green tomorrow.
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