It's funny...or rather it's sad IMO...that when Herb Greenberg writes a column and he mentions OCA (in a negative manner of course) it shows up as a news item on my Power E*trade market trader. What a joke!
In essence, Greenberg says folks will start blaming naked shorts for the pps decline. Well, in fact they can now. Also, with 44% of the total shares O/S short as of last month...with most likely many more shares short presently...it is absolutely true that shorting has made OCA's stock price decline a lot. All the first rate bashing from positions of authority have played a significant role too.
For me, this is a bottom play...a very strongly shorted stock that I'm betting will recover (and strongly IMO). All these class action suits puts even more pressure on this co. Which means to me that the pps may even be sold/shorted to an even lower price??? Is under a $1 or .80 cents possible??? Perhaps....(Did anyone see the trading for CPN the day it was halted because of bankruptcy rumors??? The CEO had to come out and release a PR saying the BK rumors were untrue. Even so, CPN had been on the NYSE naked short list for a long time. What a great way to get people to sell at a fire-sale price...spread the BK rumor. It worked. I think I saw 15-18 million shares trade in about 20 mins that day as the pps headed toward the $1.40 range. Yeah, who's the scammed and who's the scammer???)
Either way, I own some of OCA now I am prepared to follow it for a while or least until the pps turns around. Looks like CPN, ACF, ATI, Stillwater Mining, AMZN, GLW and others. The negative hype will most likely be greatest when the OCA shorts and naked shorts are covering their positions.
Good trading to all. http://finance.yahoo.com/q/ks?s=OCA
ps. OCA's on the NYSE's naked short list again (day 2) http://www.nyse.com/Frameset.html?displayPage=/threshold/
and CPN is still on it! The words that come to my mind are CORRUPTION, A RIGGED OR FIXED GAME AND SCAM (They're to be applied to to folks who runs our markets).