Michael. I've tracked the stocks history and I'll tell you what's happening.
Without getting into details (which I have) I correlated stock moves to press releases. In every instance that news came out with regards to a new customer (Bell, TransCanada) the stock enjoyed an upward movement.
Any time news came out regarding quarterly statements, etc. the stock took a hit. In fact, technically, investors aren't taking seriously OTEXF tooting their own horn, or the great articles about them. In fact, they are wiser than some people may think and are reacting on news about sales or good strategic reliances. I think the hope is that any day good news will come about revenues, etc but when they don't the stock crashes. If good news doesn't come out soon the stock will hit $4!
I predicted correctly that 9 1/8 was the peak last weak. I also predicted the stock would go down to $8.
In OTEXF's case, no good revenue news is bad news for the stock. What I can't figure out is why OTEXF doesn't come out with good news about revenues and deals? Do they have any or is there some other ulterior motive, like, let's get all our friends to buy the stock cheap because we know its going to fly later.
The stocks price is depressing me as well, I only hope we haven't bought into a pipe dream. Your stomache will continue to flip because the stock will go down the tubes unless OTEXF sends out good news about new customers and revenues.
As an aside I've also noticed that the stock moves BEFORE the news comes out, you know, the old buy on rumour sell on news. It started doing that with the HP release. It used to go up only after the news came.
Signed, oh where oh where can those revenues be..... |
