Optionable Inc fka OPBL

[laurap]

Somewhat of an explanation from Ant & Sons:

Optionable Inc. Bearish Breakdown

Thomas J. Catino
March 19, 2007 6:28 PM EST
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Optionable Inc.'s (OPBL) decline was expected after the large percentage gain the company's shares have seen over the past six months. But after a second break of $9.00 failed, a double top was confirmed and the bears have since been in control. It is no laughing matter, this has not been your typical profit taking decline. Optionable shares are off a remarkable 38% since late February. Has the fundamental picture changed at all to warrant such a drop? Absolutely not. Optionable continues its expansion and growth in the derivatives business, with trading volume soaring and new products, including the latest swap contracts, that continue to add to the popularity of its OPEX platform. Heck, even NYMEX Holdings Inc. (NMX) found Optionable attractive enough to purchase a 19% stake in the company.

However, the chart does not look pretty. Shares have closed below its 50-day moving average of $6.08 for the second consecutive day and have dropped on heavy volume. Though the fundamental picture still looks sound, the market is saying otherwise and the bears remain in control. For the bulls, a close above the 50-day moving average would go a long way in signaling the downside is over.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_O/threadview?m=tm&bn=40602&tid=...