ONT... Another potential 10-bagger?

[showmethemoney]

Ok, I have another potential 10 or 20 bagger, a little tech company called
On2 Tech (ONT), they make the technology behind adobes flash player and make codecs, video compression tools and much more, now it is up quite a bit recentley. I believe it will go even higher, they should finally make a profit next quarter. What do you guys think.

[Thierry Martin]

Terrific chart at this moment.

1187

[bigzip]

Got in on this one last week. I think this company could explode when phones with video/live TV become more common and they sell the compression technology to service providers/phone co.s

[monco123]

Looking good today

[Jordan]

Taking a small dip, this may be a good entry point, we will see 3.30 soon IMO

[LeoR2D2]

I definitely like this as a speculative play - I need some more risk in my portfolio :) In!

[showmethemoney]

Glad to see you guys like ONT, I just wish we could get a little pull back so I can add to my position.

[Thierry Martin]

1201

[BuyOnDips]

It certainly looks like it has potential. I"ll be watching for that dip. :)

[Justmakinmoney]

Is there enough to keep this thing going?

[1birdman1]

I'd like to say thanks to SHOWEMRTHEMONEY for this pick... I got in on Moday and decided to bail out today with a nice % gain for the few days! Last night it looked like it was going to dip and I wanted to get out for now and maybe buy it back when it is done going down... hope that was a smart move

[Rich]

Showmethemoney,

May I ask how you came across this nice tid-bit?

[sealatte]

show..

i also came across this stock while back traded around $1.50-170 for while
i thought the stock would take off because of their technology.. so i sold and moved my money to other stock.. now i am regretting it.
But iam back in even at $3 price its worth the long term just like MVIS...

They have progress alot since last yr. It could be big..
will try to buy more shares if it pulls back below $3 but looking at the stock.
its holding well betw. $3.05-3.08 with good vol.

long on this one..

i say 2 thumb up..

[LeoR2D2]

Big jump Big volume. I like moves like this!

[Rich]

DARN, wasn't in it for the 10% gain!!

Now I don't know if I should wait or jump in. I don't like chasing stocks.........

[TonyM]

http://biz.yahoo.com/prnews/070510/nyth059.html?.v=93>

http://biz.yahoo.com/bw/070515/20070515005902.html?.v=1

Noticed akam had a pop at the same time as ont (second article shows the connection) Looks like their video compression will be used in cell phones as well as set top boxes and internet apps.

I'd like to get this one on a dip, not sure if that'll occur before it runs up considerably further though.

[LeoR2D2]

They must have announced something realllly good at that media conference...I can't imagine this much of a move with quadruple their average volume on no news.

But i'll take it either way :)

[Rich]

All,

Do you think the day traders will dump or keep it before 4pm? just how high does everyone think this will go?

Rich

[sealatte]

http://biz.yahoo.com/prnews/070510/nyth059.html?.v=93>

http://biz.yahoo.com/bw/070515/20070515005902.html?.v=1

Noticed akam had a pop at the same time as ont (second article shows the connection) Looks like their video compression will be used in cell phones as well as set top boxes and internet apps.

I'd like to get this one on a dip, not sure if that'll occur before it runs up considerably further though.

looks like they are carrying the VPin set top box
www.flix-j.com

www.flixvideo.co.kr.

www.flixvideo.gr

[sealatte]

All,

Do you think the day traders will dump or keep it before 4pm? just how high does everyone think this will go?

Rich

day traders didnt sell??? price kept on going up. for while it was flat around $3.05-3.08 in the morning, i get to work and pop up to $3.30's and never stop.

I got it at $3.05 and 3.08 also bought small shares 100 shares at $3.45 3.25.

i mgiht dip from profit taking but this one is going to move up with potential here... rumors of GOOGLE and other media companies looking to venture into with ONT...
just like MVIS, worth the risk to hold and see what happens...

[TonyM]

I liked the close, the trend is up and I like the prospects for the technology, so I nibbled on this one with a 1k share position to start.

[sealatte]

tony

i started with 1k here and there and ended up with 5K total today
speculate on technology being "hot"
whats good was that price held up at $3.54, consider DT ready to take the profit after pushing it up to $3.70.

If the trend holds, this one could pop above $4 tomorrow.

let's see what AH does and tomorrow..

good luck..

sealatte

[sealatte]

pick this up on boards
reason the stock moved the last few days was funds buying up shares..
questions, they must know something or have good idea where this company is heading...


May 16, 2007
On2 Technologies Inc. Soars Late in the Day

On2 Technologies Inc. (AMEX: ONT) is soaring late in the trading session, higher now by $.51, or 16.45%, to $3.61 on heavy volume of 13.1 million shares. The stock normally trades just 3.6 million shares. With smaller cap names, volume moves the price substantially in one way or another, and in this case, it appears the stock is moving as a result of some 13F filings reported with the Securities and Exchange Commission on Monday. Those filings disclosed positions funds and institutional investors bought and sold during the first quarter. Numerous institutions initiated new positions in On2 Technologies including American Century which established a 3.3 million share position, along with Perkins Capital to the tune of 1.07 million shares and GSA Capital Partners which purchased .72 million shares, with other institutions adding to their positions. It is unusual to see ownership for a small name and that is why there is a lot of demand for shares, not just today but over the past few days that has enabled such upside movement.

[TonyM]

tony

i started with 1k here and there and ended up with 5K total today
speculate on technology being "hot"
whats good was that price held up at $3.54, consider DT ready to take the profit after pushing it up to $3.70.

If the trend holds, this one could pop above $4 tomorrow.

let's see what AH does and tomorrow..

good luck..

sealatte

I don't usually like to chase after these type of plays, but starting with a smallish position seems like a good approach in this case. As long as it holds above $3 on any profit taking tommorow I think it'll have some room to the upside. I'm thinking the dt's may turn it into a st at least until Friday afternoon. Doesn't look like too much activity in ah, which is good imo.

GL

[showmethemoney]

WHOOOO-HOOOOO!!!, wow what a day for ONT actually what a last couple of days for ONT, Thanks for the news update S..., I just dont know
what to do now should I increase my position more or wait for a little pullback? decisions... decisions.

[TonyM]

pick this up on boards
reason the stock moved the last few days was funds buying up shares..
questions, they must know something or have good idea where this company is heading...


May 16, 2007
On2 Technologies Inc. Soars Late in the Day

On2 Technologies Inc. (AMEX: ONT) is soaring late in the trading session, higher now by $.51, or 16.45%, to $3.61 on heavy volume of 13.1 million shares. The stock normally trades just 3.6 million shares. With smaller cap names, volume moves the price substantially in one way or another, and in this case, it appears the stock is moving as a result of some 13F filings reported with the Securities and Exchange Commission on Monday. Those filings disclosed positions funds and institutional investors bought and sold during the first quarter. Numerous institutions initiated new positions in On2 Technologies including American Century which established a 3.3 million share position, along with Perkins Capital to the tune of 1.07 million shares and GSA Capital Partners which purchased .72 million shares, with other institutions adding to their positions. It is unusual to see ownership for a small name and that is why there is a lot of demand for shares, not just today but over the past few days that has enabled such upside movement.

That should help grab some bandwagoners tommorow, I just saw the same article posted to another board. Lot's of buzz on this one.

[1birdman1]

just like MVIS, worth the risk to hold and see what happens...

Which do you think is better now? MVIS or ONT?

PS, I'm slapping myslef for bailing out this morning on ONT... I had no idea it was going to make another jump like it did

[Rich]

Which do you think is better now? MVIS or ONT?

PS, I'm slapping myslef for bailing out this morning on ONT... I had no idea it was going to make another jump like it did

It may not be over, I posted before I read that the Funds are buying millions of shares.

[bigzip]

Onto bigger and better things
When companies lay claim to having the "next big thing," a Foolish dose of skepticism always comes in handy. However, On2 Technologies, winner of the 2006 Frost & Sullivan Award for Technology Innovation, may actually have something to hang its hat on.

According to many, On2's TrueMotion codec allows services to deliver streaming video with unmatched image quality. I'm no tech guru, but when names such as Adobe (Nasdaq: ADBE), Electronic Arts, Skype, and even XM Satellite Radio are wholeheartedly adopting a company's technology, the stock is definitely worth a second (or even fifth) look.

On2 has yet to turn a profit, but the stock has more than doubled in the past year -- fueled primarily by 200% revenue growth. In addition, On2 was recently recommended by Merriman Curhan Ford -- one of CAPS' and Wall Street's best.

CAPS All-Star upanddown100 also thinks On2's on to something:

On2 makes the best codec for the ubiquitous FLASH video and sells encoding platforms for social networking sites and individual developers. ... The revenue model here is "back-end loaded" (in other words royalties, royalties, and more royalties) so once On2 hits critical mass in the mass media -- the profitability of the company will go through the proverbial roof.




This was what got me in this stock. From Motley Fool April 12th.

http://www.fool.com/investing/small-cap/2007/04/12/5-top-micro-cap-stocks.aspx?vstest=search_042607_linkdefault

[sealatte]

Which do you think is better now? MVIS or ONT?

PS, I'm slapping myslef for bailing out this morning on ONT... I had no idea it was going to make another jump like it did

right now ONT would be better bet.. due to its hot product..
looking at Google and what they are doing with live video streaming contents..
questions is GOOGLE going to use ONT technology??? rumors..

MVIS will be quiet for new months, unless they come out the news actual name of their partnership....

right now i am slowly watching ONT.... gut feeling on this one bez of mutual funds buy up the stock.. and peopel will catch on to this stock, plus late news today... will push this one above $4... thats my bet.

good luck

[sealatte]

It may not be over, I posted before I read that the Funds are buying millions of shares.

this is going push the stock up..
i thought Fund could only invest if stock was above $5 price???
I guess they took risk in buy up shares at cheaper price..
I know American Century, I have few of their funds since 80's.

wonder if other institutions will jump in. considering the news on Google about video streaming contents...

[sealatte]

here is link about Google news on whats going on with video streaming

GOOGLE (http://biz.yahoo.com/ap/070516/google_universal_search.html?.v=13)

[LeoR2D2]

I have a feeling this one has way more room to run, I think i'll double my stake. If it pulls back some tomorrow on profit taking i'm jumping in. Even if it opens up and starts moving on decent volume I might jump in. If this is going where a lot of people think it is there will only be so many dips on the way up.

<drunk rant> No credibility

[Justmakinmoney]

Volume was too good this morning for me not to hop and and take a small part of the ride.

[LeoR2D2]

It's pretty sick, already more shares traded at 10:00am then their average for an entire day. Me thinks that 30 day volume average is going to be moving up.

An .08 cent dip at the open, that was all..

[1birdman1]

I tried so hard to get in on the dip but I was so excited I forgot to hit ok before I jumped back to another screan... long story short... I've F'ed up alot on this stock and still been able to make money... this guy is treating me good... up $0.20 per share for me this go round

[Justmakinmoney]

With these volume spikes there has to be a few day traders slipping in. If the volume doesn't hold there may be some profit taking before the day is out. I am hoping that there are still some big boys waiting to jump in when that happens. It looks like the price is holding around 3.88 and yesterday someone moved in after the price was stable all morning. I'm hoping that is what they are waiting on today.

[sealatte]

i got it at $3.50 loaded up nice :)
then 30 min late pop up to $3.70 +++++++

Right now its at $3.80's and hold. i think someone is waiting to buy at curtain price.. it happen yesterday also. Only concern is $60M off the shelf offering..

long as it holds at this price, it should be ok...

[dochesgriff]

Looks like it is making its afternoon move.

[LeoR2D2]

Looks like it is making its afternoon move.

Nah, it made those moves pretty early. It met resistance just short of 4.00 and has pulled back and leveled at 3.85-3.90ish.

Volume is still just through the roof. If it either pushes past 4.00 or pulls back to 3.50 I think i'm going to double up.

[LeoR2D2]

See, you jinxed it :-P Now it is pulling back and giving up all it's gains. It is now DOWN by the way, wow. Just like that. Wonder where this is heading. Buy time!

[dochesgriff]

Now is your time to double down, but be careful. Funny how this crashed just as the DJI started to go green.

[LeoR2D2]

2 million shares traded in that big drop - I hope the big funds aren't just pumping and dumping. Regardless...I doubled down at 3.51 ::cross fingers::

[aiki14]

Pretty interesting 30 minutes. I picked up a few when it dropped, got in at 3.47.

[aiki14]

More at 3.34 but this is a bit scary.

[LeoR2D2]

Yea I expected some "profit taking" but this is a bit ridiculous :(

[Thierry Martin]

1217

[BuyOnDips]

You have to remember that this was a $1.20 stock in late March. Going from $1.20 to $3.98 in such a short time made it a risky play. That certainly was a lot of profit though.

[aiki14]

More at 3.15 but feeling victimized. Wondering about a naked short here

[BuyOnDips]

Incredible volume today. This must be the day traders stock of the day.

[TonyM]

During the initial drop I saw multiple 5 digit bids vs 4 digit ask sizes, I'm sure a lot of people got stopped out and fed their shares to some big fish.

[Thierry Martin]

1218

[aiki14]

Pretty damn interesting. I wonder if this recovers or we go down big over the next few days. I need 3.34 to break even. I have a bad feeling we have been hit by a play. Big volume pushing down.

[LeoR2D2]

It wasn't TOO big a correction considering the run up. Looking at that chart makes me feel a little better about it. This is my new favorite soap opera, I can't wait for tomorrow!

[dochesgriff]

I tried to short it today at 3.75, but Scottrade will not let me short a stock under $5. Where do you go to short stocks like this one?

[BuyOnDips]

That certainly was a whipsaw day for ONT shareholders. You hate when that happens. It's the kind of day to drink cheap scotch on that linoleum floor.

[Thierry Martin]

1219

[aiki14]

I tried to short it today at 3.75, but Scottrade will not let me short a stock under $5. Where do you go to short stocks like this one?

Technically you cannot short these stocks by SEC rule.
http://www.daytraders.com/short_selling.html

Note the caveat about canada, where this also trades. HMMM?

[TonyM]

Technically you cannot short these stocks by SEC rule.
http://www.daytraders.com/short_selling.html

Note the caveat about canada, where this also trades. HMMM?

This is why it's funny to read the penny stock posts talking about short squeezes:lol:

Also note; ONT is not marginable with Scottrade, so be aware that you are reducing your bp.

[aiki14]

This is why it's funny to read the penny stock posts talking about short squeezes:lol:

Also note; ONT is not marginable with Scottrade, so be aware that you are reducing your bp.


How unscrupulous Broker/dealers get around it is to sell more shares than they hold to folks going long, then when the price drops and the longs sell they get the difference. High risk but high profit if you sell 100 times the shares you hold.

[Rich]

THIS SUCKS!!!

I THOUGHT I had a limit sale order but I must to have messed it up

I was up almost 8% when I left, come home and I lost over 9% !!! I got in at 3.60 yesterday.

Man, this last month I feel like George Forman used me for practice punching.......


please, SOMEONE tell me that the fundamentals and news reports are indicating a climb tomorrow, PLEASE


Rich

[aiki14]

THIS SUCKS!!!

I THOUGHT I had a limit sale order but I must to have messed it up

I was up almost 8% when I left, come home and I lost over 9% !!! I got in at 3.60 yesterday.

Man, this last month I feel like George Forman used me for practice punching.......


please, SOMEONE tell me that the fundamentals and news reports are indicating a climb tomorrow, PLEASE


Rich

This may have been precipitated by an intentional manipulation, there doesn't seem to be a good reason to drop like this other than 2 million shares being traded in no time. I will be looking to see which markets traded this, if one B/D had both sides of the trade it's a lock that it was manipulation. If a lot of limit orders were in the pipeline the big order ate them all at once as TonyM said. I would say there is a 50-50 shot it goes to 3 or back to 3.80. Keep your wits about you and remember how this went. Not too encouraging I know, but that's the game we play.

[bigzip]

I got stopped out today as I couldn't keep a close eye on the action. Gotta wonder if stop orders are the way to go or not. BUT, I think with some patience this stock will be over 5 in a month or sooner. One big contract and this thing could skyrocket. I'll be looking for a good reentry and will ride it up. Sure sucks that these things can be manipulated, but that's another discussion. GLTA.

[Svenwulf]

disclosure: i do not have, and do not plan on taking, any position in ont.

i feel compelled to clean up some of the finer points hit in this thread. i hold no financial/ economics license or degree, and always do your due with anything you read online.

stop orders are in no way to be declared or announced by your broker. this is kind of a big point, although we all know stop hunting occurs. like most things, there is no clear cut answer easily available on the sec site, but the tsx site spells it out well under "universal market practices."

http://www.tsx.com/en/trading/rules_regulations/index.html

no one, not even unscrupulous broker/ dealers (an oxymoron we will discuss another time) can sell more shares then they hold or can borrow in the attempt to get those shares later at a lower price. this would be the definition of naked short selling, and is actually exempted (allowed) in some circumstance for "legitimate" market makers.

http://sec.gov/spotlight/keyregshoissues.htm

i am unaware of sec regs regarding minimum share price requirements for short selling. each exchange has their own guidelines, but it really comes down to your broker. indeed, the tsx (canada's nyse) minimum restriction was repealed april 1st, 2002.

http://sec.gov/answers/shortrestrict.htm
http://www.tsx.com/en/pdf/TSXRulebook.pdf

but none of this explains anything material to the price action of ont today. chasing momentum is a high risk/ high reward proposition. by no means am i finding fault with those posters who are holding or have taken a loss, but as mentioned was primarily interested in clearing up some possible misunderstandings. best wishes.

[BuyOnDips]

Short interest on ONT listed at Nasdaq site:

http://www.nasdaq.com/asp/quotes_full.asp?mode=&kind=shortint&timeframe=&intraday=&charttype=&splits=&earnings=&movingaverage=&lowerstudy=&comparison=&index=&symbol=ont&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=short&selected=ONT

[sealatte]

wow... what a day...
stock was just doing fine and i got away to spend time with my customer for 1/2 hour right before 3pm and bammmmmmmmmm
it drops like there was leak in tank. its gotta be the retail day traders that got in few days before and took the profit and rannnnnnnnnnnn
Only big players that would trigger this would be specialist mushing the stock down to trigger the stop orders, which they took.
I think institutions got in way below $3...
question is will they be buy again.. seeing bargain????

lucky i place order for 500 shares at $3.85... rest were bought in at $3.50
but i am going to ride this ship.. I believe in their technology....

look at APPLE and Microsoft when they first started back 20 yrs+.

tomorrow morning will be interesting.. see if the price holds around $3.20-.30
if it goes north, it will be another day of riding up but NOT, hold on and fasten your seatbelt.

sealatte need double shot.. :(

[1birdman1]

as I look at my $100+ loss for the day I think.. might I lose another tomorrow and the next or hold and pray... options options options

[aiki14]

disclosure: i do not have, and do not plan on taking, any position in ont.

i feel compelled to clean up some of the finer points hit in this thread. i hold no financial/ economics license or degree, and always do your due with anything you read online.

stop orders are in no way to be declared or announced by your broker. this is kind of a big point, although we all know stop hunting occurs. like most things, there is no clear cut answer easily available on the sec site, but the tsx site spells it out well under "universal market practices."

http://www.tsx.com/en/trading/rules_regulations/index.html

no one, not even unscrupulous broker/ dealers (an oxymoron we will discuss another time) can sell more shares then they hold or can borrow in the attempt to get those shares later at a lower price. this would be the definition of naked short selling, and is actually exempted (allowed) in some circumstance for "legitimate" market makers.

http://sec.gov/spotlight/keyregshoissues.htm

i am unaware of sec regs regarding minimum share price requirements for short selling. each exchange has their own guidelines, but it really comes down to your broker. indeed, the tsx (canada's nyse) minimum restriction was repealed april 1st, 2002.

http://sec.gov/answers/shortrestrict.htm
http://www.tsx.com/en/pdf/TSXRulebook.pdf

but none of this explains anything material to the price action of ont today. chasing momentum is a high risk/ high reward proposition. by no means am i finding fault with those posters who are holding or have taken a loss, but as mentioned was primarily interested in clearing up some possible misunderstandings. best wishes.

Unscrupulous dealers can do unscrupulous things, the list is long and includes selling shares you don't have and violating Reg T or SHO. Failure to deliver in the 13 days allowed is rare if the abused longs sell out before then. It happens. Some good info on this:
http://www.law.uc.edu/CCL/regSHO/rule203.html

Section 3(a)(51) of the Securities and Exchange act of 1934 defines a penny stock as an equity security with a price under $5.
here's a good link
http://www.law.uc.edu/CCL/34ActRls/rule3a51-1.html

Penny stocks are not marginable as per the Federal reserve
http://www.federalreserve.gov/

Short sales must take place in a margin account since it requires borrowing the shares.
Therefore it is not permitted to short stocks under $5.
I will say it is not easy to find this out in one simple search. The above applies to US exchanges and the NASDAQ market only.

[sealatte]

as I look at my $100+ loss for the day I think.. might I lose another tomorrow and the next or hold and pray... options options options

well for me down $2500K in paper, not worry too much.
my other stocks keep making money for me. but it would be nice to ONT on green. hold this one.. i just like the technology...

sealatte

[1birdman1]

well for me down $2500K in paper, not worry too much.
my other stocks keep making money for me. but it would be nice to ONT on green. hold this one.. i just like the technology...

sealatte

I'm about to drop a jaw... did you just say $2,500 or $2,500,000

I mean really... if you lost over $2 million I'd be ready to jump LOL.. on the upside, you must have a crap load of money in stocks

[Svenwulf]

Unscrupulous dealers can do unscrupulous things, the list is long and includes selling shares you don't have and violating Reg T or SHO. Failure to deliver in the 13 days allowed is rare if the abused longs sell out before then. It happens. Some good info on this:
http://www.law.uc.edu/CCL/regSHO/rule203.html

Section 3(a)(51) of the Securities and Exchange act of 1934 defines a penny stock as an equity security with a price under $5.
here's a good link
http://www.law.uc.edu/CCL/34ActRls/rule3a51-1.html

Penny stocks are not marginable as per the Federal reserve
http://www.federalreserve.gov/

Short sales must take place in a margin account since it requires borrowing the shares.
Therefore it is not permitted to short stocks under $5.
I will say it is not easy to find this out in one simple search. The above applies to US exchanges and the NASDAQ market only.

..and to think i all but gave up posting on this board...

reg sho gets violated? wow, someone should really look into that.

since stocks now trading under $5 are not marginable, and thus not shortable on us exchanges, they should never see an increase in short interest. at least it would be bad form if the offical exchange websites listed an increase, correct? maybe someone should look into that, as well.

sorry for your loss brother man aiki- im sure winn more then made up for it. i think sealatte has the right idea- hopefully longs bought it for the company and not the chart. if thats the case your time horizon could make todays action look like a bump in the road. as always, best wishes.

[AJLightning]

LMFAO...:lol:

Sounds like a little stock you all know to well....




BRLC




they will all go back up eventually...just remember this, they can't go below $0...but thats just my opinion

[aiki14]

..and to think i all but gave up posting on this board...

reg sho gets violated? wow, someone should really look into that.

since stocks now trading under $5 are not marginable, and thus not shortable on us exchanges, they should never see an increase in short interest. at least it would be bad form if the offical exchange websites listed an increase, correct? maybe someone should look into that, as well.

sorry for your loss brother man aiki- im sure winn more then made up for it. i think sealatte has the right idea- hopefully longs bought it for the company and not the chart. if thats the case your time horizon could make todays action look like a bump in the road. as always, best wishes.

I believe I am detecting a bit of sarcasm.
I have to admit I am at a loss to understand the "short interest" in these securities, maybe I am incorrect in my analysis. I always thought it was prohibited to short under $5 and it seems to be by the info in my posts, but there is short interest listed.

I jumped in when it dropped thinking it would rebound quickly, but not a monster position. I am glad it didn't close at low for the day, maybe we get a run up in the morning. I am going to NY for the weekend so I am setting a 25 cent trailing stop.

www.giuliogari.org

[TonyM]

I believe I am detecting a bit of sarcasm.
I have to admit I am at a loss to understand the "short interest" in these securities, maybe I am incorrect in my analysis. I always thought it was prohibited to short under $5 and it seems to be by the info in my posts, but there is short interest listed.

I jumped in when it dropped thinking it would rebound quickly, but not a monster position. I am glad it didn't close at low for the day, maybe we get a run up in the morning. I am going to NY for the weekend so I am setting a 25 cent trailing stop.

www.giuliogari.org

Technically speaking, this stock was in the $30's years ago, so I guess you could have shorts that haven't covered (how likely is that though?), but as svenwulf points out, how does the short interest increase once the price falls below $5?

This stock is a gamble based on a few factors, this is why I didn't add when the price dipped, I've already set the amount I'm willing to risk on this. If there were some news of the type I'd see reported on Bloomberg and it started taking off, I would then likely add on the way up.

[cnelson]

If PreMarket is any indicator, we should open higher on ONT. Over 100,000 shares have moved this morning. Bid/Ask at the moment around $3.30. I picked up some right at $3 mark... I wonder if we do get back to the high 3s today how many people will jump out... I for one am feeling a little more cautious this morning after yesterday afternoon's plummet!

Chris

[LeoR2D2]

So far so good...slow steady moves are better for my blood pressure.

[cnelson]

I jumped out at 3.44... not feeling overly optimistic about the opening 20 minutes... I may pick up some later if it slides down into the 3.10s. Good luck!

[who8me2k7]

bouncing up

[who8me2k7]

Nice close for the day.

[Justmakinmoney]

Price looks like it is showing some support and there are higher lows (if that means anything) for the last few days.
I think if it can hold this week without news it should be good to go until the iphone comes out. Hopefully apple mentions something about the flash technology.
Any opinions on what the "stock of last week" will do this week?

[dochesgriff]

Looks like you can short ONT somehow. I copied this from msnmoney central's strategy lab this morning:


Profit from the buyout frenzy

Sell all shares of Agile Software (AGIL) at the opening.

Sell short 5,000 shares of On2 Technologies (ONT) at the opening.

I am selling all shares in Agile Software (AGIL) because the company was just bought out by Oracle (ORCL) for a nice premium over my original entry point. I believe the acquisition binge going on in the stock market is far from over. There is always news of a buyout deal or two breaking daily, and private-equity funds are eagerly anticipating the next big deal. This zeal for acquisitions in the high tech and financial sectors has not waned. Let me try to pinpoint which companies are most likely to get in on the action soon.

After Agile Software, I believe Oracle will make more moves into the software application sector. The key to pinpointing the next possible buyout target is to check the magic quadrants and look for leaders in their respective fields. A "magic quadrant" is simply a ranking map compiled by the Gartner Group that compares all the companies in a particular sector. In short, it ranks companies according to their market leadership status. You want to target those companies that are somewhat high on the quadrant, but not up too high; this could indicate valuation problems.

Stocks to watch include Bea Systems (BEAS), which is probably a good middleware play for Oracle. Why? Because Oracle's middleware is not gaining much traction or recognition in the marketplace. Oracle wants to do well in the middleware sector because of its large market size and growth prospects. The company's database front is not growing much at all. Both Oracle and SAP AG (SAP) will pay a lot of attention to the middleware front.

Next, I believe Ariba (ARBA) looks tempting for a buyout as well. Ariba is a serious contender in the spend management quadrant, which focuses on software that helps manage a company's finances. Ariba just came off a so-so quarter, and the stock is down 10% or so from a week ago. I believe the valuation indicates it is ripe for a takeover, due to Ariba's clout in the marketplace, and the fact that the spend management sector is growing at a healthy clip. Plus, I don't believe Ariba can stand on its own going forward. Although it has robust software offerings, it simply lacks the marketing clout right now.

Last but not least, I believe JDA Software Group (JDAS), with its rich list of customers in the retail sector and a solid balance sheet, provides a great buyout opportunity for SAP. I believe SAP will counter with a move soon due to the recent acquisition of Retek by Oracle on the retail management side. It is simply a chess game between the two powerhouses in this area. They will have to fight for whatever is left in this lucrative field.

I believe if you have the patience, the software sector is where you want to park your money. Again, you want to concentrate on companies residing somewhere in the higher quadrants.

I'm going to short 5,000 shares of On2 Technologies (ONT) at the market open. I believe the recent run-up on On2 Technologies makes it ripe to fall sharply from here. I don't believe the company has anything going on that warrants its stock price doubling in a week. Plus, it has almost 100 million shares outstanding. And I believe the company is almost running out of cash. Any equity offering coming will only dilute the shares further. I don't believe you want to hang around to find out.

[Justmakinmoney]

198000 Share block just went through.... not a small chunk

If it gets through 3.60 we could see another small run.

[aiki14]

5000 short at open was a $1500 loser today. I am glad I stuck long, considering my half panic when she dropped last week.

[TonyM]

DJ On2 Technologies To Acquire Hantro Products >ONT

DOW JONES NEWSWIRES
On2 Technologies Inc. (ONT) signed a definitive agreement to acquire Hantro Products Oy of Finland in exchange for cash and shares worth about $58.4 million.
On2, Tarrytown, N.Y., said the deal would give Hantro shareholders a 12% to 19% stake in the combined company, in addition to $6.8 million in cash.
Hantro, which provides video technology for mobile devices, expects 2007 revenue of $8.1 million to $12.2 million and its balance sheet as of March 31, included $4.9 million of debt owed to Finnish financial institutions and governmental agencies.
The deal, expected to close before mid-August, is subject to On2 raising $20 million for working capital through sales of On2 equity as well as On2 shareholder approval.
On2 expects the deal will produce break-even to slightly accretive results in 2008, excluding items.
-John Seward; 201-938-5400; AskNewswires@dowjones.com

(END) Dow Jones Newswires
May 21, 2007 17:47 ET (21:47 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.- - 05 47 PM EDT 05-21-07

[LeoR2D2]

Edit: Beat me to it Tony :) I'll leave this post with the entire article though.

Not sure how ONT is trading after hours - but it's given up most of todays gains in the ever volatile post-close session. I am guessing it's related to the following news but I don't see this as a huge negative. I am surprised however they are buying people up already.

http://biz.yahoo.com/prnews/070521/nym191.html?.v=66

On2 Technologies Announces Acquisition of Hantro Products, a Leader in Embedded Video Technology
Monday May 21, 5:04 pm ET


TARRYTOWN, N.Y. and OULU, Finland, May 21 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. (Amex: ONT - News), a leader in video compression software and solutions, announced today that it has entered into a definitive agreement to acquire Finland-based Hantro Products Oy, a market-leading provider of video technology for mobile devices. The acquisition is intended to accelerate the deployment of On2's technology on semiconductor chipsets that power mobile and embedded devices and to further On2's strategy for establishing a leadership position in the distribution and consumption of video on all three major device platforms used by consumers: PCs, mobile/portable devices and television.
ADVERTISEMENT


Hantro provides optimized video compression implementations for mobile, digital consumer-electronics and IPTV devices. The company's customers include Nokia, Freescale, LSI, Vimicro, Sanyo and over 20 other leading global device and semiconductor manufacturers. Hantro's technology has been implemented on more than 200 million devices to date and in mobile phones produced by 5 of the top 6 handset manufacturers. Hantro is recognized as the market leader in wireless video intellectual property as measured in revenue, number of shipped devices, and number of customers.

Under the terms of the agreement, On2 will acquire Hantro in a share exchange directly with the holders of all of Hantro's equity securities for a combination of cash and shares of On2's common stock, par value $.01 per share. Immediately after the closing, the Hantro stockholders would own approximately 12% of the combined company on a pro forma basis, based on On2's closing share price of $3.38 on May 18, 2007, and Hantro would become a wholly-owned subsidiary of On2.

The cash component of the acquisition price is approximately $6,800,000. If the volume-weighted average price for shares of On2 for the 10 trading days prior to closing is between $1.50 and $2.50 per share, the total value of the shares to be issued at the closing will equal $45,000,000 less the cash component. If the 10-day volume-weighted average share price prior to closing is $1.50 or less, the Company will pay the cash component and issue approximately 25,440,000 shares. If the 10-day volume-weighted average share price prior to closing is $2.50 per share or more, the Company will pay the cash component and issue approximately 15,300,000 shares. The number of On2 shares to be issued at closing is subject to adjustment, based on Hantro's stockholders' equity as of the date of the closing. Based on On2's closing share price of $3.38 on May 18, 2007, the total value of the acquisition at closing, before any adjustments, would be approximately $58,400,000. After giving effect to contingent consideration of up to an additional 12.5 million On2 shares based on the level of 2007 revenues from Hantro's business lines, ownership of the combined company by Hantro's shareholders could be a maximum of approximately 19% on a pro forma basis. Hantro's balance sheet as of March 31, 2007 includes approximately $4,900,000 of debt owed to Finnish financial institutions and governmental agencies. Hantro expects to generate revenues of between Euro6,000,000 and Euro9,000,000 (approximately $8,100,000 and $12,200,000) on an annualized basis for 2007, determined according to U.S. generally accepted accounting principles. On2 is currently unable to provide GAAP estimates on future earnings. On2 nevertheless anticipates that the transaction will produce break-even to slightly accretive results in 2008 on a non-GAAP basis.

"We have long set the standard for excellence in video with our codec technology. By gaining access to Hantro's technology and expertise in chip implementation, we expect to be able to extend our reach on devices," said Bill Joll, president and CEO of On2. "This acquisition should speed the deployment of VP6(TM) and VP7(TM) by industry-leading embedded platform suppliers. For device manufacturers, this should mean that On2's video technology can be easily implemented on devices with low silicon costs, lower power demands and increased performance. Users of mobile and other embedded devices should soon benefit from On2's unsurpassed video quality on all their video screens. Finally, consumer electronic equipment suppliers should soon be able to deliver devices that can play longer high quality videos at a significantly lower cost."

"We are looking forward to giving our current customers access to On2's best-of-breed technology and to making the On2 TrueMotion® codecs available for the first time at the hardware level," said Eero Kaikkonen, president and CEO of Hantro. "In the device industry, ease of implementation, low power consumption, high performance and low bill of materials are important factors when evaluating technology. By combining Hantro's longstanding expertise in low power consumption hardware video designs with On2's cutting-edge video technology, we expect On2's TrueMotion® codecs will become an easy choice for embedded and mobile manufactures and service providers. By adding On2's codecs to Hantro's current offerings, we will lead the industry in highly optimized, scalable and economically viable solutions for cross-platform applications that are shaping the future of video."

As a result of the On2 acquisition, the combined company will have a comprehensive portfolio of highly optimized VP6 and VP7 codecs and standards- based video compression technologies. The combined company will continue to support Hantro's customers with Hantro's market leading multi-format hardware video IP products offering the widest range of options for semiconductor companies developing multimedia chipsets. The combined company will offer a full range of products and capabilities for video applications ranging from very low data rates to high-definition video across web, embedded devices, consumer devices and mobile/Wi-fi applications.

The acquisition by share exchange is expected to close before mid-August 2007 and is subject to approval by On2's stockholders and subject to On2 raising $20,000,000 through sales of On2's equity securities prior to the closing of the acquisition of Hantro, as well as to customary closing conditions. The purpose of the equity offering is to generate working capital for the combined companies.

Oppenheimer & Co. Inc. and WR Hambrecht + Co served as financial advisors to On2 Technologies, Inc. on this transaction.

Mooreland Partners LLP served as financial advisors to Hantro Products Oy on this transaction.

The share exchange with the securityholders of Hantro has not been registered under the Securities Act of 1933, as amended, and will not be consummated in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release does not constitute an offer to sell any securities of On2.

On2, together with the other participants as indicated below, intends to file with the SEC a proxy statement and accompanying proxy card to be used to solicit votes for the proposed Share Exchange at the 2007 Annual Meeting of Stockholders of On2, which has not yet been scheduled. On2 urges its stockholders to read the proxy statement in its entirety, including the Share Exchange Agreement, when it becomes available because it will contain important information, including information on their participants and their interests in On2. When filed, the proxy statement will be available at no charge at the SEC's website at http://www.sec.gov. The participants will provide copies of the proxy statement without charge upon request made to On2 at 21 Corporate Drive, Clifton Park, New York 12065 (518) 348-0099. The participants in this proxy solicitation are anticipated to be On2, its directors and Pekka Salonoja, a nominee to the board of directors of On2. Mr. Salonoja is acting on behalf of the Nexit Ventures funds, which are one of the principal stockholders of Hantro that will accordingly receive a portion of the consideration to be paid and issued by On2 in the proposed Share Exchange with the securityholders of Hantro.

Conference Call

The company will host an investor conference call for the announcement on Tuesday, May 22, 2007, at 5:00 pm EDT:


Event Date: 05/22/2007
Event Time: 5:00 PM Eastern
Event Title: Investor Call
Webcast URL: http://www.vcall.com/IC/CEPage.asp?ID=117409
Webcast Replay Available Until: 05/22/2008
Live Participant Dial In (Toll Free): 877-407-9210
Live Participant Dial In (International): 201-689-8049
Replay Number (Toll Free): 877-660-6853
Replay Number (International): 201-612-7415
Replay Passcodes (both required for playback):
Account #: 286
Conference ID #:243256
Teleconference Replay Available Until: 5/23/2007 11:59 PM

[TonyM]

Current after hours spread is 346/350, looks like I might have dodged a bullet as I sold @ 370 after being unimpressed with today's attempts to get back to the 390's I was hoping to trade it some though, we'll have to see where it settles out, this selling could all be a knee-jerk reaction.

[aiki14]

Ouch, this might just bring down the price through my 3.34 breakeven point. Seems somebody knew about this the other day and got out. I have to look more closely at the deal and see if it's worth holding through the next few sessions.

[Rich]

What are you people seeing that I'm not seeing ? I read this and all I can see are good things. What am I missing in this article?
I was going to put a 3.70 sell limit but didn't, thinking it was going to go up higher this week, I bought in at 3.60
Rich

[LeoR2D2]

My read on the merger is all positive as well, long term. However am I reading this part correctly?

"The acquisition by share exchange is expected to close before mid-August 2007 and is subject to approval by On2's stockholders and subject to On2 raising $20,000,000 through sales of On2's equity securities prior to the closing of the acquisition of Hantro, as well as to customary closing conditions. The purpose of the equity offering is to generate working capital for the combined companies."

Is that a $20 million issuance of stock? Because that would be a reason for a selloff...After hours range back at 3.65-3.67. Always interesting times with ONT!

[TonyM]

What are you people seeing that I'm not seeing ? I read this and all I can see are good things. What am I missing in this article?
I was going to put a 3.70 sell limit but didn't, thinking it was going to go up higher this week, I bought in at 3.60
Rich


Simplified answer; they are borrowing and spending money, much like your fico score can be negatively affected when you do the same. They are forecasting breaking even or slight increase in eps in '08 with the acquisition, everyone want's to see big growth, and they want ONT to be acquired, not the other way around. Doesn't mean it wont bounce back, matter of fact the spread right now is 368/374.

[aiki14]

Simplified answer; they are borrowing and spending money, much like your fico score can be negatively affected when you do the same. They are forecasting breaking even or slight increase in eps in '08 with the acquisition, everyone want's to see big growth, and they want ONT to be acquired, not the other way around. Doesn't mean it wont bounce back, matter of fact the spread right now is 368/374.

That is a surprise, if it holds the 3.70 into the morning I will be shocked, and happy I stayed in because if it hold's the MM's will be saying they believe it will be accretive pretty quick and we'll see a run up. (Holy run on sentence Batman) Hope it holds.

[Thierry Martin]

This is holding up pretty well so far.

1238

[LeoR2D2]

Simplified answer; they are borrowing and spending money, much like your fico score can be negatively affected when you do the same. They are forecasting breaking even or slight increase in eps in '08 with the acquisition, everyone want's to see big growth, and they want ONT to be acquired, not the other way around. Doesn't mean it wont bounce back, matter of fact the spread right now is 368/374.

Careful with your wording...unless I am just reading what you said wrong. They aren't forecasting breaking even for 08. They are just anticipating that the acquisition alone will have a neutral to slightly positive impact on their own earnings.

[aiki14]

Bid ask is looking ok at the moment around 3.65. I get sporatic B/A from the AMEX though.

[who8me2k7]

holding pretty well thus far

[LeoR2D2]

holding pretty well thus far

Yes, but when will the buyers come back? :confused:

[aiki14]

Big buyer at 3.54 supporting and seller at 3.56 pushing down. Battle of the long versus shorts (assuming someone can and is playing that side). I wouldn't want to be short here, I like the support we're seeing. I'll make a prediction of a $4 price inside of 5 trading days. that'll be 15% up from here if I am correct.

[LeoR2D2]

Big buyer at 3.54 supporting and seller at 3.56 pushing down. Battle of the long versus shorts (assuming someone can and is playing that side). I wouldn't want to be short here, I like the support we're seeing. I'll make a prediction of a $4 price inside of 5 trading days. that'll be 15% up from here if I am correct.

That is eerie, I just made that same prediction on another forum 30 minutes ago. I called breaking $4.00 in the next 4-6 trading days.

[aiki14]

That is eerie, I just made that same prediction on another forum 30 minutes ago. I called breaking $4.00 in the next 4-6 trading days.

How are you with these type of predictions in general? I hope we both turn out to be correct. (At which time I will point out that my post is 2 hrs old). :wink:

[LeoR2D2]

How are you with these type of predictions in general? I hope we both turn out to be correct. (At which time I will point out that my post is 2 hrs old). :wink:

Yea you beat me to it, but I did make the prediction without seeing yours! I don't have much of a track record because I don't make too many public predictions. Just one of those hunches that popped into my brain.

[bigzip]

Mark me down for a predicition it will hit $4 tomorrow! This article below may be what is driving this stock: From Financial Times.com

On2 Technologies an Adobe takeout target, sources say

By Jonathan Marino and Homa Zaryouni in New York

Published: May 22 2007 23:55 | Last updated: May 22 2007 23:55

Please email ft@mergermarket.com or call EMEA: + 44 (0)20 7059 6105 Americas: +1 212 686-5277 Asia-Pacific: +852 2158 9730 for further information on mergermarket and how to receive more articles like the one below.
--------------------------------------------------------------------------------------------------------

On2 Technologies, the listed, New York-based video compression software developer, is a potential takeout target for larger software companies, according to a source familiar with the firm and an insider.

Adobe, the listed California-based software company, and AOL the listed Virginia-based internet company, Skype Technologies, the UK-based company owned by California-based eBay, could all take out On2, a source familiar with the company said.

An Adobe takeover of On2 has been speculation for some time, the insider said. “We do from time to time hear from third parties that a company is interested in On2,” the insider added.

On2 has USD 60m in stock it will use for investing and acquiring, the insider said prior to the company’s 21 May announcement that it bought Finland-based Hantro Products Oy, a market-leading provider of video technology for mobile devices. The Hantro acquisition was USD 6m in cash, and approximately USD 40m in stock, based on the volume-weighted average price of On2 shares for the 10 trading days prior to closing.

On2 has a market cap of approximately USD 362m.

--------------------------------------------------------------------------------------------------------

mergermarket is an M&A intelligence tool focused on providing actionable, origination intelligence to its client base of the world’s principal advisory firms, investment banks, law firms, private equity firms and corporates. mergermarket provides clients with articles such as the one above in real-time via an online platform and personalized email, BlackBerry alerts and an online platform. For more information;

please email ft@mergermarket.com or call EMEA: + 44 (0)20 7059 6105 Americas: +1 212 686-5277 Asia-Pacific: +852 2158 9730

Copyright The Financial Times Limited 2007

* Print article
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[LeoR2D2]

I'll be honest, I wouldn't mind if that happened.

[Justmakinmoney]

I'll be honest, I wouldn't mind if that happened.

Nor would I....

[bigzip]

I would start dancing... and I'm as white as you can imagine. All speculation at this point, but I think it may be a preemptive strike for Adobe to buy them out as their codec is used in Flash 8,9. They wouldn't want to pay a competitor for code used in their product.

[LeoR2D2]

I would start dancing... and I'm as white as you can imagine. All speculation at this point, but I think it may be a preemptive strike for Adobe to buy them out as their codec is used in Flash 8,9. They wouldn't want to pay a competitor for code used in their product.

An excellent point...hell I almost want to triple down; I have to take a deep breath here.

[aiki14]

I would start dancing... and I'm as white as you can imagine. All speculation at this point, but I think it may be a preemptive strike for Adobe to buy them out as their codec is used in Flash 8,9. They wouldn't want to pay a competitor for code used in their product.

I would be vying for the lead in riverdance if that takes place, and I am white, out of shape, and arrhythmic (with the digitalis to prove it) :p

[TonyM]

AH close looks promising; 376/378 I was hoping to see it dip to the 330's to jump back in and just sell it again if it stalls out on an attempt to break 400 Too bad there aren't any options to use as a possible tip off.

[sealatte]

well the AH is showing promising up tick.. gotta be the Abode rumor about buyout. It should be interesting tomorrow morning.. gotta wake up at 5:30am(PT) to get ready to see what will happen at opening.

good luck... let's make some $$$$$$

sealatte

sun's out :)

[chacho]

wishing i got in this. 3.98x4.00

[aiki14]

Looks like you can short ONT somehow. I copied this from msnmoney central's strategy lab this morning:


Profit from the buyout frenzy



Sell short 5,000 shares of On2 Technologies (ONT) at the opening.


I'm going to short 5,000 shares of On2 Technologies (ONT) at the market open. I believe the recent run-up on On2 Technologies makes it ripe to fall sharply from here. I don't believe the company has anything going on that warrants its stock price doubling in a week. Plus, it has almost 100 million shares outstanding. And I believe the company is almost running out of cash. Any equity offering coming will only dilute the shares further. I don't believe you want to hang around to find out.

I hope this guy was kidding, he is out $2500 or better if he's still in. Actually for my own greed, I hope many people followed his lead and are in the squeeze-O-matic this AM.

[Luc1Grunt]

Looking for the squeeze on this as well.

Another big momentum player with a squeeze this morning is ZOLT.

Day trade only.

[sealatte]

guess some folks got squeezzzeeeddddd..
with rumors and possible of buyouts.. ONT should move up in next few days.

wonder if MSFT or Real would be interested with encoding?????
make it more interest for bidding war?????????

[Thierry Martin]

1264

[Thierry Martin]

1265Looking for the squeeze on this as well.

Another big momentum player with a squeeze this morning is ZOLT.

Day trade only.

[Luc1Grunt]

agreed, may hold a couple days. Decided to scale in on this as the opening fizzled. Still watching the 3.84 area

[MJ2001SE]

I got in at $2.12 on 4/19 :D

[LeoR2D2]

House of Painnnnn :(

[Justmakinmoney]

Not quite the house of pain yet but it is selling off. The question is how far will it go.

[TonyM]

Nobody sold into that pre-market rally at $4+ ?

[investor431]

I just got involved with ONT...seems like a good pickup.

Anyone invested in USTA? (US Starcom)

They've been pretty busy recently and it looks like the stock is ready to jump.

what do you think?

[Thierry Martin]

....Anyone invested in USTA? (US Starcom)

They've been pretty busy recently and it looks like the stock is ready to jump.

what do you think?

looks like a sideways nightmare

1282

[1birdman1]

I'm down right now on this stock... when do you think there will be an upward movment again? a week, month, year??

Point being... if it keeps going down I in theory should sell the shares today and buy them back at a lower cost next week. In a way shorting in to myself. End up with the same # shares but with less money tied up

[Thierry Martin]

I'm down right now on this stock... when do you think there will be an upward movment again? a week, month, year??

Point being... if it keeps going down I in theory should sell the shares today and buy them back at a lower cost next week. In a way shorting in to myself. End up with the same # shares but with less money tied up

Either way you can't lose - either buy them back cheaper of buy when the uptrend has begun.

[Rich]

I got out before the upward trend to $3.90. I lost $90; I just didn't feel comfortable since I could not take time to study it out. Happy I unloaded this and GMR before todays drops.

[Thierry Martin]

1287

[1birdman1]

I was about to sell today but decided to stay in for another week or so.. glad I did... up a little bit today! (still have lost money but oh well)

[aiki14]

This got to within a penny of my sell price and tanked, pretty annoying. However I am still a believer in the $4 target short term, and I have 2 or 3 trading sessions before my prediction goes bust.

[aiki14]

Not looking too good for my prediction. I am buying again at 3.37. If she goes down through 3.18 I bail. Next support is 50ema at 2.49. Bollinger bands at 3.15 and 3.80. Haven't seen the volume that would indicate the institutions moving out (american century is #1 holder and they haven't changed their position at least up til 4 apr). I am a believer if they are.

[Justmakinmoney]

Not looking too good for my prediction. I am buying again at 3.37. If she goes down through 3.18 I bail. Next support is 50ema at 2.49. Bollinger bands at 3.15 and 3.80. Haven't seen the volume that would indicate the institutions moving out (American century is #1 holder and they haven't changed their position at least up til 4 apr). I am a believer if they are.

I looks like it is in a day trading cycle. The big volume has collapsed for now but it hasn't gone away, like you said. This thing could explode or it could plummet. I think the possible upside could out weigh the the downside if this thing gets a boost. Still it is very speculative.

[who8me2k7]

alright im out @ 3.18 for a large loss =/

[aiki14]

alright im out @ 3.18 for a large loss =/
Me too, tough one cause it missed my sell price by a penny when it max'd out at 3.99. I may buy some back around 3.05-3.07.

[LeoR2D2]

I'm not gonna panic sell, I considered selling as it fell past 3.00, worried about it tanking. But you know what. I'm confident this stock is picking up. I upped my position to 500 shares by buying another 180 at 2.90. I'm averaged in at about 3.16 now and i'm holding for now.

I've had my finger on the buy trigger today, doubled up on Catepillar and American Capital Strategies too (ACAS), I just love that 8-10% dividend.

[sealatte]

iam also down with lost but keeping few shares for long term..

oh well, hope the rumors of buyout will come back????

[LeoR2D2]

iam also down with lost but keeping few shares for long term..

oh well, hope the rumors of buyout will come back????

Or...you know. Skip the rumors and just make it happen :)

[aiki14]

I've been doing the post mortem on this trade and come up with a few things I should have done and seen.
I bought on a sharp downward move after a 2,000,000 share block was dumped on the market. I jumped in before I did the necessary DD. Then I wasn't critical enough in my analysis, so I stayed in too long and made a loser out of a winner. I had a $4 sell and missed by a penny but didn't lock in on the drop, I let a slow bleed kill the patient. I should have seen the drop coming based on the chart of a million other cheap stocks that rise up and flame out taking the rubes with it.
I am still tempted to buy back in, except for wash rules I probably would.
Oh well, still learning, but the lessons get more expensive each time.

[dochesgriff]

What do you think of the action today? It looks like it recovered well this afternoon with good volume. I added to my position yesterday at 2.72

[aiki14]

What do you think of the action today? It looks like it recovered well this afternoon with good volume. I added to my position yesterday at 2.72

I did also when I saw it bounce off the 50ema, if it gets back to $3 I will get back what I lost on the last debacle. It's a good trade on it's own merits at the moment.

[LeoR2D2]

I was going to come post about how good this was technically to finally bounce off the 50day, but I guess you guys have that covered :) Hope we saw a bottom. I hate it when my spec stock takes out my other gains on the day like yesterday!

[dochesgriff]

It really had a drop at the end of the day. Must have been some day traders clearing out, but it was a nice run up to that point.

[aiki14]

Stochastics are saying over sold, Move off lower Bollinger band says we should move up, 9sma at 3.17. Maybe we'll see 4 someday, right now I'd like to see a 3 handle.

[LeoR2D2]

Is this going up because it was added to Russell 3000? Or is that old news? either way i'll take it, this has been stagnant. But maybe that's okay, it gave the 50 day MA a chance to catch up and provide some support :)

[sealatte]

nice pop today above $3.. maybe we are on up swing..

sea

[dochesgriff]

Does anyone have a subscription to thestreet.com?

I saw a headline about ONT, but you need a subscription to read it. It was listed under the ONT new, but the headline gave no clue as to the articles content. Just wondering if they are buying or selling over there.

[Thierry Martin]

1444

[LeoR2D2]

Hit me baby! Up well premarket - maybe we can have another good run.

http://biz.yahoo.com/bw/070626/20070626006467.html?.v=1

On2 Technologies and ViewCast Announce Partnership to Bring Live Adobe(R) Flash(R) Video Solutions to Market
Wednesday June 27, 8:00 am ET
ViewCast licenses On2 Flix(R) live Flash video software for its media appliances


TARRYTOWN, N.Y. and PLANO, Texas, June 27 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. (AMEX: ONT - News), a leader in video-compression software and solutions, and ViewCast® Corporation (OTC Bulletin Board: VCST - News), a global leader in the design and manufacture of the world's most advanced media encoding products, announced today that ViewCast has licensed On2's live Flash video encoding technologies for integration with ViewCast's streaming media appliances.


As a result of this agreement, advanced real-time live capture, programming, and broadcasting capabilities for On2 VP6(TM) based Flash video will be available to programmers and broadcasters for Adobe® Flash® Player 8 and 9 using ViewCast's GoStream(TM) Plus and Niagara® Pro streaming media appliances. The integrated solution will offer customers enhanced capabilities to program, schedule, and manage live Flash broadcasts.

ViewCast's products supporting live Flash from On2 are planned for release in the third quarter of 2007. The introduction into the market will be enhanced through ViewCast's previously announced agreement with Adobe for joint channel marketing of these upcoming products.

"The broadcast quality of VP6 is in high demand for live applications," said Mike Savello, senior vice president of Flash business for On2. "Together with ViewCast, we are assuring that broadcasters and programmers get the quality, reliability, and flexibility required for major broadcast applications."

ViewCast's GoStream Pro and Niagara Plus product lines are designed for enterprise IT professionals, professional studios, broadcasters, cable head- ends, ISPs, and other media professionals to deploy quality IP video distribution services. The appliances are used for VOD, Internet TV, webcasting, video archiving, and streaming training videos.

"On2 VP6 based Flash video is rapidly becoming the standard for on-demand Web video, and customers are demanding live Flash video capabilities," said Dave Stoner, president of ViewCast. "On2's Flix Live product line has set the quality benchmark for live Flash streaming, and now programmers will have the enhanced capabilities to do live Flash broadcasts with ViewCast's encoding and streaming appliances."

On2 VP6 is the video format used in Adobe Flash Player 8 and 9, and is available on more than 90 percent of PCs worldwide. On2's Flix Live is the first product-line introduced in the market for streaming live Flash video.

[tape]

Is it time to get in ONT?

[aiki14]

Is it time to get in ONT?

I think your downside risk is pretty low here but I was predicting $4 not too long ago. I would like to see an upside catalyst.

[LeoR2D2]

I'm not sure I understand the price movement on this stock. They have announced these "partnerships" - yet the stock isn't going anywhere. Could you even call it a partnership? It seems to me like all these companies are going to have to pay On2 to use their technology..right?

I feel like these announcements should have an immediate impact on the bottom line, yet here we are with another "partnership" today and the stock is trading lower. Can anyone make sense of this?

[BuyOnDips]

It's gone up almost 320% in the last 52 weeks. I would call that movin on up! So it is going in the right direction.

[LeoR2D2]

I sold 2/3 of my position off before this divebomb - saved myself a lot of money.

[LeoR2D2]

Wow, this one turned into a disaster. Down 15% today. Ouch.

[sealatte]

yah... ouchhhhhhhhhhhhhh
took my lost and sold half at @2.04 before drop...
but holding small amount for long term...
still like their technology...

sea

[BuyOnDips]

Looks like she's going the wrong direction now. Earnings are out and it's down almost 12% after hours at $1.60. I'm still gonna follow this stock. Their technology is very good.

http://biz.yahoo.com/prnews/070802/nyth126.html?.v=101

[sealatte]

Looks like she's going the wrong direction now. Earnings are out and it's down almost 12% after hours at $1.60. I'm still gonna follow this stock. Their technology is very good.

http://biz.yahoo.com/prnews/070802/nyth126.html?.v=101

yes they do have good technology. management has get their act together.
first over paid for swedish company

wait and see..

sea