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Just to close the loop, I sold out of this turd at 9.80 for a loss, anticipating a broader correction of the market.
In my opinion OCAT is followed by many a vulture. They play it for momo and then try to get out at the top. Then volume dries up and if you want to free up your money you drop it by a couple of cents. The company needs to build investor confidence and so far have been unable to do that, despite what the optimistic say.
Unfortunately I'm out until the accurate share count / market cap is displayed in E-trade when I look up this security. I just can't trust the broader market to know what is really going on and am expecting at least a minor correction where I will gobble up some shares.
Back in @ 10.03
for the record i got out of VJET at 8.1772, being shorted ruthlessly plus I think the market is in for a shock. Big sells. This thing is dead money til a couple days before earnings perhaps.
I'll update the box, just need a few more posts. Stocking up on this, can't wait for it to make me a ton of money. What are they going to do with all those shares? Something smart I bet.
This looks like its going to be a monster, I'm in
Wake me up when we're over 10. This low volume can't last forever. Volume picks up and kaboom my friends, ka-boom. Paper thin baby.
There have been other posts explaining the dilution situation that lay out a ton of details with excerpts from SEC filings. I'll let you do the homework. As for the reason a company goes public... Yes that is part of the reason, but the reason people invest their money is to get a return, not be diluted out to oblivion. These message boards are a perfect sounding board to ring the dilution alarm when one sees it.
Sold this am at 10.21 for a swing trade elsewhere. Will return if this dips and cash available.
Back in the "Gary Zone." Lol, I love that phrase.
In with very large position at 8.59
I love a good chart myself, but all rules get thrown out the window when trying to factor in dilution. Good luck.
Ok, I'll stop pretending I know how the market works when you stop pretending you know how clinical trials work
After what OCAT had to go through with the 3 year phase 1, I can't imagine the FDA is going to cut them any slack going forward.
Took the quick gain, out at 9.03
Well, lesson learned. Should a sold before earnings and locked my profit. Now I'm 'long' lol...
To be honest I don't know much about the sector, just that I like this stock and chart and company from what I can see
Just broke a million shares traded, over 2x times the 10day daily average volume, still with about another hour to go. I like it! Earnings beat tomorrow means blastoff... trying not to think about a miss lol.
f it broke south! Oh well, good action before earnings anyway. Unbelievable 815k shares traded so far. Wow!
trading sideways here, i have a feeling we're going to break north
I think 3D printing sector has bottomed out and we are on the upswing of that action. I don't think VJET ever sees 7s again unless like you said the broader market gets creamed. Looking for solid earnings here to kick this back to 10-11 range.
Started a small position at 8.61
It looks like facts taken straight out of SEC filings. I love those things, they never lie.
Pushing new highs, we got a runner!
Haha I like your take. Doubtful on the HP speculation, but if there is an earnings beat here expect this rally to get a second life.
Lol I refuse to do DD on the identity of a message board poster. It's noise against the reality, like the reality of SEC filings. Like the wonderful one OCAT filed yesterday. Stick to the facts. The truth will set you free. Don't worry about other people's intentions.
Sounds like "speculation" to me
Lol I'm a fan of "truth" and "facts" and "making money"
Nice breakout this AM, let's get back to HOD!
You maybe could learn that I just made 33%+ here and will broadcast if I reenter, does that count for anything?
Hey look, another person. Don't be scared, join us... One if us...
Lol, ever the optimist I see. I would love it if you're right, everybody holding on here deserves a big win.
Yeah, if I had to guess, any good news will be met with some heavy company fund raising via shares on the open market. Hopefully for the longs here they are sitting on some whopper news that will generate some new buyers, probably going to be mum until they uplist though. They will need the firepower to fend off the shorts. Should be exciting to watch.
Nope, not in yet. This is definitely a positive event though, I hope you guys get a nice pop - I'm still wait and see as per the filing they just announced that: "As of the filing of this Registration Statement, the Registrant is authorized to issue up to 60,000,000 shares of Common Stock. As of December 31, 2014, approximately 34,620,218 shares of Common Stock were outstanding." I have a feeling they will be 'going it alone' and will have to dump shares on the open market which will still present some nice buying opportunities. We will see though, I hope you guys get at least 10% tomorrow :)
Booyakashun!
Geez ok... this thing is too volatile. Needs some stabilization, maybe after some solid treading of shares or after earnings. Might be too risky otherwise... Be wary of catching the falling knife
I'm starting to think anything under $6 is a good entry price to start a position. Might start a small one if it dips and do some pyramid buying if it collapses (which i'm starting to think will not happen). Hard to say here, definitely still a gamble though, I don't like that :(
Wow if I had free cash I would be opening a huge position here (8.82x8.84) - Hoping it hangs at these levels or drops more, it will be hard to resist selling my current position and buying here.
Excellent trading, would love to end the day over 11 bucks...