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Microcap & Penny Stocks : OPMRF -- Ignore unavailable to you. Want to Upgrade?


To: XOsDaWAY2GO who wrote (249)7/16/1998 5:17:00 PM
From: Thean  Respond to of 283
 
Barbara, I'm not sure this is a big selloff. OPMRF has been in a trading range for a while and the shot up to $13 5/8 yesterday was expected. Remember the shot up to $16 1/2? Guess what happened after that? OPMRF has a pretty clear news driven personality. When there is no news, people sell it off. And the cycle goes on and on. I don't expect a breakthrough price improvement short term until they can announce concrete number on new order/reorders from their clients. Anything short on that is only speculation that the future is bright. It is very much like SEV. In short, people are making a good living trading OPMRF by timing the cycles. Therefore, I would not get too emotional about its going down or going up on any one day. If you have the discipline of a good trader, you can join them and OPMRF would be a decent trading stock. If you are buy and hold, short term swings should not bother you too much. I still have OPMRF in my educational IRA accounts and there I have no choice but to stay really long term since the transaction commission would reduce my $500 investment there to nil if I trade!