RE: Oh No :(respect09...it's been well proven that the market makes most investors look bad...the herd - buys at the wrong time and most sell at the wrong time...period.
For weeks while OPC headed to 4.00+ you never heard from the shorters and PUT artists...it was all blue sky and wonderful...now that OPC is making a NORMAL - I repeat NORMAL correction to the lower limit of the Bollinger Band...all you hear is the gloom and doom crowd...amazing if not very predictable.
I am buying that's all I'll say - you have to do your own thinking and NOT- repeat NOT rely on the recent posters that want the sky to fall because they profit from it. The pumpers were winning the propaganda war several weeks back ...now it's the shorters turn....so be it.
I could use all sorts of logic and forward projections - as to where I see OPC in a month, or 6 months, or a year...It won't mean anything... Markets don't work on logic..period they work on price and what's the flavour of the day.
And market makers that hold way more shares - then anyone here - playing the cycles. I' ve learned a long time ago buy when everyone is running and sell then everyone is buying...just like the market makers...they likely bought a pile of PUT opions early this week and will clean up on options that expire next Friday.
Then watch what happens after option FRIDAY ...like magic OPC will be back up!
I hedged most of my position with CALL OPTION - so I am going to ride out this cycle...and like I said I am adding -
and I am not all that worried - I've seen this all before.
Cheers - all the best