Friday, July 29, 2005

Stock of the Day

My pick of the day is Optimal Group (OPMR), formally know as Optimal Robotics. This Canadian company provides technology and business services related to credit card, electronic payment, and debit payment processing. The company is small, with a market-cap of under $500 million. It has strong fundamentals, and is experiencing rapid growth in revenues and earnings.

Today, the stock is breaking out of a cup-and-handle formation on huge volume. This is a strong breakout, and looks like it should have legs. There is also growing short interest in the stock, which could result in future short covering.

long OPMR


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