I do love to daytrade and there have been *many* times I've looked at this one after the fact (and, with a nod to Riley, yes, it may soon happen again, though I doubt it) and wished I'd flipped it.
Personally, though, I don't take a position (short or long) in a stock if it would bother me to have that position long-term. I do about 20 tickets per week, so I'm not usually in anything long-term (I currently only have one stock I just plain never sell), but I still like to limit myself to things I might want to eventually be in long-term.
Besides, I don't think I could reliably predict this one short-term.
The main reason I'm here at all is that I tend to perpetually watch any stock I've ever owned, and this is one of them (OLPV), and in this case I'm watching for a good reason to be in it again. Haven't seen one yet, though. Personally, if I could legally short it, I would. Based on the information available, I see a dramatic downside as far more likely than not.
The most bullish thing I've seen about this stock is that the downside I have come to expect (pennies) has not happened yet. That tells me that my negative suspicions about this company have not been confirmed by the market at large. If this company is a rat-hole (yes, it is my opinion that it is -- I don't maintain that my opinion is gospel, though), the length of time it has spent over $1.00 seems to me the most compelling argument to the contrary. It's not enough, though... |
