Replies to post #1173 on Ocean Power Technologies Inc (OPTT)

[tbonaces80]

I highly doubt the underwriters controlling the action are going to misprint at $9.36 unless they know the expected future cashflow. The 1-10 wiped out people I'm sure. I'm tailoring this move to that of a TASR, Solar Industry/alternative energies than oil and even that of the expectations of the Marijuana industry in terms of future cash. Good luck to you!

[frankvestor8]

What a fun ride on this stock! The following was what I wrote about OPTT back in August. Click on the message I'm replying to to conform:

The challenge for a short position is that the borrow cost is at 100+% (annual). But wait patiently. You might just get a chance to short the stock and have quick profit.

2 week to 1 month of consolidation. And likely a melt down coming. (Late September.)

It has turned out to be even more spectacular than I anticipated.

People who pumped this stock at $9 or $10 level have not learned a lesson from the South Sea bubble:

Investor Lessons from the South Sea Bubble