Monday, April 14, 2008

ORTE 14Apr2008

- The security is experiencing weakness since the last fall in Jan2008

- The security is trading slightly above a good support point that we surely do NOT want broken (around 72.5)

- The security is a key player in the CASE30 index and is expected to be used to lift CASE30 to higher levels as goes on within the market these days.

- We should strictly watch this security during the next couple of weeks.

- Breaking down the support point will lead to further declines within the market itself.

- Going up to 80s and 90s levels should help CASE30.

- Security is expected to boom while the second land lines license is put to action in the very near future to get to its fair value.

- I would watch closely and buy upon the penetration of 81 level targeting 95 minimum (8.3%) in the short term.

- Longer term targets can be stated once penetrated the 95 resistance.



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