I do not think Zeev's short term call on OMG is all that bad. For short term, one really has to trade the tape actions. It's not too late to get back OMG in the low 8's if proper stop loss is used.
OMG is value, VLNC is Zevalin (or in plain English, toxic bovine excrements). Some people are holding their VLNC from $40 and are praying for the day promised by Da Cheif that it will reach $40 again. You are probably one of those bag holders, that is why you are excited by a little pump. You'll get your opportunity to get back in that garbage under $1 before the middle of next year.....
nothing for nothing, but why on earth is anyone buying VLNC?
Its also interesting to see that the same rabid group that followed it years ago is still following it.. Thats where I was introduced to mr Johnson.. Made the mistake of shorting the precious cult stock and my email/message box was flooded with hate mail the likes of which I never saw in all my years on these cyber threads..
Amazing that despite the last few years of carnage, people still havnt figured it out yet.. A great short seller once told me it wouldnt end until every last person has exhausted looking under sofa seats and car seats for every last dime to put into the market. : )
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