RE: Insider Tradeshttps://www.canadianinsider.com/coReport/allTransactions.php?ticker=opl
Sheldon purchased 1 million shares between March 2nd-3rd. They purchased them from prices ranging from the low .63 to as high as .755. Furthermore, you're wrong about the insiders. They've all purchased 325,000 shares at the exercised price of .75.
They know what's coming.
And like a poster said before, only the CEO and other very high positions have a blackout period where they cannot buy/sell shares pre or post news release. If you don't believe me, look at the insider reports further. You can see that insiders were buying shares a couple of days before and directly after the NR.
So, the insiders know whats up- a number of them purchased at the price of .75. Sheldon also made a bold purchase at .75. The SP is now at .72 after dipping to .60 this morning.
One thing we know for sure is.. this is not a pump and dump. The technicals on this one look promising.
Every time the SP has been forced down, it has managed to come green (Except for last friday). IMO, the days where this stock had been forced downwards were the days smart money had entered. This can only explain the rise in share prices. When the valuation was released, we saw a high of .80 (I think..) followed by profit takers dropping it back to .58c. After that, we had a small rise to .66 followed by a morning drop to .59.
In summary, this is how I think of it. The last day traders that entered this stock, ideally, have entered on a position at .59. which probably explains why the sellers thinned out and the stock shot up to .72. The few daytraders wanted a larger profit taking before selling. When this stock hits a new high, we'll see another small drop, but it will be no where near as drastic as it was on friday. Smart money will soon own 90% of this stock. That's when short term investors will prosper and even longer investors will do the impossible.
This is all IMO- hate me if you like.
I was going to pull the trigger and sell all on friday, but I held it. This morning, again, I felt trigger happy and was close to selling. After seeing this last pullback/gain, I'm in it for long!
GLTA