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Message Boards Settings Ocean Power Technologies, Inc (OPTT) - Quote Info
Re: from potential newbie      8-Nov-09 12:23 am    
amisock - if you're willing to hold this through a rough patch (in the 4's or 5's for a few months - been there, done that), then I'd say you have an excellent chance of great returns sometime in the future. There will come a time in the not so distant future when people may do stupid things, like pay more than anyone has in years, or sell at 6. Intrinsic value > share price is why you should follow stocks like this, but you still want to get the best price you can, and not ignore other, even more stupidly priced stocks.

8 may be deemed unfairly low and due for continued correction long term - I am very hopeful about the potential, but it is volatile and thus risky, so don't end the day deep in the margin unless you got an absolute steal (like at 4.99) - even then, you are risking some pain. I hope you got in before we got past 7 - if so, you're pretty safe now I think. If we've upped the % of shareholders who won't sell low and don't get nervous when someone else does, then we'll rise nicely from here, because fair dinkum should have this up to at least 10, probably higher. But don't discount the possibility that there might be crappy news and a big bad scary million share short someday. This stock is a good bet sub 7, IMHO, and a lot of fun to have lots of after you get your working capital back out. But it doesn't always do what you might think it should, and many of its fans know how to play bridge as well as poker, if you know what I'm saying.


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teebrane

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  Subject Author Rating Time of Post (ET)  
 
Call me slow, but I have only just come upon OPTT and a...
elbit@rocke... (1 Rating) 7-Nov-09 08:49 pm  
 
even at $8 it trades basically at cash with neglig...
fizjason Rate it 7-Nov-09 09:04 pm  
 
Checked out fundamentals, but as we know, t...
elbit@rocke... Rate it 7-Nov-09 09:11 pm  
 
Yes, but.... This is a tough one; intrinsi...
teebrane Rate it 7-Nov-09 10:45 pm  
 
make a good and bad list of why this stock will go...
amisock Rate it 7-Nov-09 11:32 pm  
 
Re: from potential newbie
teebrane Not rated 8-Nov-09 12:23 am  
 
I'm trading momentum here. if this doesn...
amisock Rate it 8-Nov-09 05:09 pm  
 
This is a fabulous board. Thank you for all the g...
herakles_m (1 Rating) 7-Nov-09 11:51 pm  
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Ocean Power Technologies, Inc (OPTT)

Chart for Ocean Power Technologies, Inc (OPTT)
On Nov 27: 8.6725 Down 0.0975 (1.11%)
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