Yeah...:) Monday Price Predictions?
Q: Adam that's correct but I look at things outside the range of last nine months. Before the current increase in volume which might I say still leaves some doubts about actual new shares traded. The OPC share price drop has been achieved on very low volume even before Lehman. One would expect the retrace of upward movement to mimic the downward volume trend. That's not what we are seeing so other forces are in play. That makes TA or fundamentals of OPC stock irrelevant at present.
A: John, if only we knew more specifics behind that volume. As I said on Friday it seemed like a lot of automated trading was going on. We can take that either way as it could mean consistent accumulation by institutional buyers or a worse case scenario of the set up for a pump and dump. With market sentiment being in a decent range I'm more apt to believe the first explanation. Usually in the P&D's I've seen there isn't as much resistance in the up trend of increasing the price which signals to me that it's most likely being driven by solid investors. Also, I think the volume would have been higher in the case of a P&D but, those aren't completely clear until after the fact. Adam, P&D is out of question. One would have to assume OPC is going out of business for P&D to make any sense, which isn't on the cards for Opti. What computers do best is repetition that comes from experience as I was once a programmer. Accumulation by a group of investors is a possibility as on many days over the past 6 months, I noticed a dump of large amount of shares followed by smaller sized buying moping up the stop loss shares that were triggered by the dump. What caught my attention was the lack of stop loss volume which was kind of unusual I had expected greater volume. Why weren't more stop loss volume being triggered well obviously lots of buy and hold time investors have been in opti. How does one explain these buy and holds well you need to go back further then 2 years ago. Opti had a stock split initially the stock had a major down-slide followed by return to previous split share price. So what I think may have happened was the investors before split halved share position kept the other half not set a stop loss and rode the share price down. A smaller percentage of the other 50% that was sold is what has been trading over the last two years. When the market is dominated by sellers and negative sentiment one is able to take advantage of a strategy like you eluded to gain shares but when sentiment turns positive that doesn't work. Oh the options that you talk about is not a play in OPC, the premium is to high for stocks valued under $10 to make it a realistic alternative. Look for further small positive gains on positive sentiment and high volume this coming week. Until we hear the news of what has been worked out regarding M&A.