Sunday, June 27, 2010
OPSY - Add This One To Your Watch List
Late last year OPSY was trading over $.06. It has since slowly crept down to where it closed on Friday at $.0059 a share. Now is about the time this stock starts turning itself around.
The company is up to date with their Pink Sheet filings, which isn't something you can say about the majority of Pink Sheet stocks these days. With this OPSY you have to like the freely tradeable share count of ~75 million. That means any type of buying pressure will send this stock higher in a hurry.
A quick jump to the corporate web site shows a maturing company with an excellent business plan. http://www.opticalsystemsinc.com/
The stock recently moved above its 50 DMA of $.0041. The 200 DMA at $.011 should provide the next point of resistance. That would mark roughly a double from Friday's close.
I think OPSY deserves watching going forward and is a stock you should be adding to your watchlist.