Thanks lowtrade, very helpful - a lot of choices, but it does appear I lucked into a good BUY here when I caught some on that brief dip today.
Now, ONE MORE PLEASE... I bought some OPTT at roughly $4.20 (premature in hindsight)... but, currently I'm not sure what is best. I'm pretty sure I don't want to just bail on it because...
The cash-on-hand has a book value pretty close to current market cap; and, there is reportedly about a 12% SHORT in the overall stock position. This appears to be a forced pps dive during accumulation and there should be some good news coming (also probable covering) since they have technology, contracts and more projects likely - IMO.
Not wanting to buy the story entirely, but many pieces seem to check out and maybe all of them do.
Should I possibly double down here; or maybe instead buy 100 options on a CALL at $5 in June '12 ... or just sit tight? That Call could quickly go from .75 to 1.25 or much more I think.
Many possibilities... which to ride?
Any company not providing up to date and complete financial info PLUS full disclosure of shares issued/ outstanding/ options/ warrants and insider holdings should not be ALLOWED to remain a publicly traded company!
