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Oclaro, Inc. Message Board

option64ist 1 post  |  Last Activity: Jun 27, 2015 11:30 AM Member since: Feb 11, 2010
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    BTU - Elusive bottom here?

    by picker.bottom Jun 27, 2015 2:08 AM
    option64ist option64ist Jun 27, 2015 11:30 AM Flag

    I have been slaughtered in BTU; however, I still believe it will be one of the final companies standing when the tide turns. Fortunately, I have had the discipline not to buy more on the way down; waiting for a clear signal that buyers were stepping in. I have been waiting for high-volume hammer and that is exactly what we got last Friday. I have one last big buy in my bag & the time may be right for that now. I would like to see one more confirmation candle on Monday to see if follow-thru buying interest is evident. We will see...

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