Replies to post #41811 on Zeev's Turnips Patch-No Politics (ZEEV)

[Paul A]

I dumped most of my OMG but still holding 2 positions from 8.75 and 7.35..

At this point Ill just hope to get it below $6 if possible, or just put a buy stop for doubling the current position if it breaks over 7.20.

Stocks like OMG could run when/if the rest of the market sells off IMO.. IM just surprised that the stock has so little bounce in it even after the insane selloff.. I understand theres a ton of uncertaintity, but I assumed at 8.75, and again at 7.35, and again at 6.35 that it was all built into the price already! I think OMG is paying the price for all the dip buyers that got burnt over the last year playing similar situations.. Just price in the worse case scenario and let it drop it seems is the rule now.. probably not a bad strategy.

Definately not taking a large stake in this one, but I hope Zeev and others are right about it being a value.. : )