You can ban me....But you can't ban the institutional sellers on Opti.
I see all of your arguments and I understand the psychology behind investing. You all invested in Opti at $2.50 or something thinking its going back to $20, and while every other stock in the world including such diamonds like Citibank, AIG and the rest of the US banks experienced 300% or 400% or more gains from their lows, you are sitting at -50% or worse. You want to recover your money, average down and you will rationalize everything. Well I gave you a life preserver of PDP at 63 cents while OPC was at 94. The two stocks are exactly the same in every way except that PDP is showing signs of life and settled their debt while OPC hasn't. It was basically buy 2 get 1 free at those prices. And you crybabies had my profile banned. I said PDP would be the same price as OPC by the end of this week and now its 79 to 83. I also gave you Compton at 51. Not too much greater now at 53, but its a lot better than holding this weak dog from 94 to 83.
Here's my rebuttal to the arguments provided. Where did I get -200M loss for this quarter? Simple logic! In Q1 they had $50M in revenue and lost $50M. In Q2 they ramped up to an incredible $60M in revenue and pulled off a $150M loss. $50M in opex and $50M in interest and $100M in hedging losses and FX losses. Now they have even more debt outstanding, the Canadian dollar has increased since Q2 and they have more production that can offset more hedging losses. So what does logic tell you? That their loss for the quarter is going to be greater than last quarter! All the factors that swung against them from Q1 to Q2 to explode their losses have continued to swing against them.
As far as the news trumps sentiment argument. Of course that can happen but only if there's good news! Right now you're hopeful of some pie in the sky news to turn around and trump the horrible looking chart. I remember CMT holders at 80+ cents thinking the same and I proceeded to see the stock tank to 38 cents before bottoming out and having good news of solving their debt issue. NOW its time to buy CMT. Not at 80 cents 3-4 months ago. And NOW is the time to sell OPC. Not at 40 cents 3-4 months from now. It will probably be a buy at 50 cents, but only AFTER it touched 40, goes above its 50-day MA and has some good news out AFTER the fact, not speculation before.
Maybe some of you will listen to the favor I am throwing to you by suggesting dumping this dog and picking up PDP or CMT. Yes of course I have my own agenda, my team owns position in both! That doesn't make me wrong or have bad intentions. So far I have been right. But you crybabies who get my profile banned and have my posts removed, I will ensure to be on here to remind you as Opti tanks below PDP's price and pretty soon below CMT's price and how you blew it, even if it takes to BrutalTruth10.
Then when the day finally comes that Opti has some excellent news and it goes from something like 60 cents to 90 cents in a day, I will be there to snap up shares. And if that day never comes and it goes from 60 cents to 10 cents. I will be safe from it.