Saturday, December 22, 2007 12:32:51 AM
There's no difference in the human element. They are all watching to see the tower sway at the top, unsure of stacking higher, therefore less likely to add more material. In this case, the tower was built by many enthusiastic people. In fact so enthusiastic, in disbelief that it would come down, so it took a while. Then the third day it had some help and a few more blocks were removed only to be replaced on the way down.
A nice rubble pile had been established the third day to build up from. The fourth day that pile had to be packed down and reinforced. No demolition crew came to continue toward the end of the fourth day, only to smooth the last chunk of material out.
I realize the above analogy is a simplified view to subdue the concerns people have who bought higher up and have plenty invested here. The fact that the information that holds and cements this party together is substantial. The business model of providing a much needed resource to the citizens of China is real. The demand is needed and the supply established, the relationships to make this business connection have been met, otherwise this would be one of the most outrageously orchestrated scams you had ever seen. 99% doubtful that's the case. ONMC has a large support base, otherwise you would have seen massive blocks of shares being sold off.
What we have seen here in the last several days was expected. The charts combined with the fundamentals is what makes a stock's PPS activity do what it does. The fundamentals here for ONMC is strong, very strong. A $500M revenue deal is huge, the margin on the product sold is good, the demand for the product is ongoing, unwaivering in respect to sales cycles, atypical in most other company performance. No market saturation limitations involved here. The sales cycle issues as found in the computer industry or other similar industries have unexpected quarterly performance. We would be hard pressed to assume there would be quarters where sales were down. Once the AquaGold relationship has been established as it apparently has, we can safely assume this quality water source (from our politically neutral Canadian neighbor) will continue to gain traction, building a client base and sustaining a respectable growth pattern.
The fundamental and DD support ONMC has is solid, the chart has indicated a 50% retrace and is normal; ONMC has an above average following supporting it because of a respectable O/S - traded float and a huge $500M contract in the works. This tower is not made of toothpicks as seen in the PPS activity over the last month. I think we can safely assume this tower is made of something much more substantial, at least that is what we are all betting on.
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