Ocean Power CLAIMS its technology converts wave energy, via the bobbing of a buoy, into clean electricity. The mechanical energy drives an electrical generator, which transmits power through an underwater cable.
In reality...that is all BULL-PLOP!!
You might be absolutely correct but I got burned before shorting a low OS / Low float biotech stock and I have never forgotten that
I bought Friday @ 1.37 so lets just see what happens :)
Type would shorts know about a buy out
Figures came out....th trend was up....and the cattle Just following the trend
Fundaments have no facts...or i miss something
1.19. After some weeks without News again
I have played the market longgggg enough to know what appears to be true is likely not...
Shorts usually do not leave a dollar on the table and for some reason 300k were covered during the last month
Maybe a buyout?
But what is the good News
Guess the up on Friday was technical some covering...and day traders
Fundamentally....It is All not positive....3 Main projects stopped
They basically announced they stopped 3 Main projects
Their trust into the paying partners must Be less
They again have promises on new technology....but This is the concept they use in the press releases of last 10 years
No commercial product
Projects in past failed
Lawsuit To come..of hungry lawyers
Cashout can survive optt for 1.5 years
Or do I miss some postives?
What about Japan that were not in the release
Better workung new techmologies
Any good news will make this stock go parabolic with stats like these:
Shares Outstanding: 17.58M
Same story with NETE last week pulled almost a double on Friday based on extremely small OS and Float
American Bulls gave OPTT a "Buy rating Friday
Check it out for yourself :)
along with federal funds, waiting for the buyout or the rumor...
Lockheed Martin, in partnership with Victorian Wave Partners, will develop the project off the coast of Victoria, Australia, using wave energy converter technology from Ocean Power. Upon completion in as early as 2018, the project will be enough to power 10,000 homes, or 62.5MW.
Ocean Power's technology converts wave energy, via the bobbing of a buoy, into clean electricity. The mechanical energy drives an electrical generator, which transmits power through an underwater cable.