Omni Energy Services Corp (fka OMNI)

[Call Stocks To Arms]

The stock continues a gradual decline on no news since the ER. Nobody seems to have a viable theory on the msg boards except for the usual tripe that it's the MMs or there has been a leak of bad news from the company that will be known to the masses soon.

My idea is that the market believes that the hurricane season will have an effect on biz in the short term. Also, there has been a drop in the $ per barrel of oil and those drops have effected OMNI price in the past.

So, if it spikes up to 11+ then I will probably trade it but I want to track it for the long term...or hold it as the case may be. This is frustrating because it was a good earnings, although I have to wonder about mgmt not wanting to announce the ER release date/time earlier (with more notice) or have a CC to give some guidance and insight from questioning and statements.