Jeff, I don't know your investing style or experience, but as a general rule buying stocks making new lows in a bear market is very high risk. You may see an over-sold popup of a couple of points this week, but in broad market downturns, as we are now experiencing, highly leveraged, money-losing companies like OMPT see their stock prices quickly sink into the dirt. My advice is if you see a point or two profit, grab it. OMPT will soon be testing the low of Friday and with current market conditions there is no reason that low will hold.
Sorry to be presumptuous and give unsolicited advice, but your reference to a "hot tip" set me off. Good luck, Kip
(I currently have no position in OMPT). |
