Monday, October 27, 2014 6:18:26 PM
I think what I said was something along these lines >>>
I said,,,,that I have been critical of Omex over the last year and rightly so and have lost money on them as well...most people had,,,,,,but the news Friday was definitely "corner turning" news(your words) I viewed things up until that news as being very sketchy as to their future viability as a company but now the odds are more toward success than failure.I think that is why the PPS is on the rise and volume as well.Although there are probably a lot of traders on this,,,, there are also "investors" buying into the action because the victory news shows stability for the company and does not show a company that is headed for BK.
When you start to add up the mix of "potential" revenues the picture starts getting better.
I also mentioned that although the 200 day moving average is around 1.62 I really don't see anything stopping this until somewhere over 2.00 now ,,,the trend is up not down.
Yah...it has started to grow some legs so I do think it finally turned a corner.
If the company can continue and get better and better from here on it sould be a good mover short and long term.
I'm sure in my other posts I mentioned how Meson/Ryan is gonna be toast now but I think people get that well enough without extrapolating further. LOL! Sure am glad he took the opportunity to short some more ,,,so he said! :)
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You don't drown by falling in the water; you drown by staying there.
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