I agree. I'm holding in the pattern also. I just got a feeling there's a lower entry point available.
I'd rather miss 10% to the upside than get caught being able to enter 10% or 20% lower or more (if they dilute large IMO) later. It's harder to gain it back on the way up. 50% down means one needs a double (100% gain) to get back to break even.
Holding pattern for me, just orbiting the race track pattern, waiting for the signal to enter the break- can refuel here and wait it out as needed. Keeping the powder dry.
Buy when the blood it running in the streets- like the big boys. Like Gastro has been commenting- the entire market is getting pounded, so probably no hurry to jump on anything here at this point. Let the dust settle on the potential rise in interest rates (which I doubt much will happen, 1/4 basis point if the even do it), Euro/Greece stuff, oil prices, dollar strength and all the other gremlins that have the markets barfing up all over.
Kinda unfortunate timing IMO for little ole OCAT to make it on the Nasdaq right as the raging bull market starts to burp n hiccup a bit. End of 2014 would of been much better- but OCAT getting financing will trump all other cards IMO anyway- either to the upside (good financing deal) or to the downside (weak, highly dilutive financing) - but I'm pretty certain they know with 100% surety they gotta make a visit to the "big money man" here soon- or show their hand and cards as to how they pay for trials going forward, else, folks are gonna go to the sidelines IMO.
We'll see.
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