I'll start with the ugly:
Freefall to $7 at monday's open and never coming back. Why? Three seperate class action lawsuits in 48 hrs. This will take years to clear up and who knows what will be the technological trend in five years... Camera phones will be a thing of the past, and OVTI's competitiors will have already taken over their market share.
I have been part of a class action suit with CPN, beginning in 2/2002. Look at their chart to see where OVTI is headed. The class action suits still haven't even gone to trial yet.
Won't be able to catch it on an up tick to short until it bottoms out.
I sold out my gaint loss Wednesday AM and moved the money into IPIX. Great news, great hype. It's even still camera related. Big runup on Monday on Olympic news, Homeland security, so I would get in to recoup your loss.
to begin with you're an idiot.camera phones are not a thing of the past.
the lawsuits are then same crap most tech companies go thru when a stock takes a deep drop due to stupidity rather than fact.
Fact;the companies claim that they had to restate earning to the plus side.where's the grounds for a suit?
Further more,if you were dumb enough to buy this stock in the high twenties hoping it would go higher and it didn't,that doesn't give sharholders grounds for a lawsuit.
If CPN is the kind of company you invest in,it just goes to show you have more money than brains.
I invested in CPN for the exact same reason as to why you are currently suggesting to stay involved in OVTI. It was 12/2001 and the ernon news hit which drove the whole sector down. I thought to myself at the time, wow what a great
The suggestion in this board is to do the same with OVTI. Well, once bitten twice shy. This thing is going into the toilet. If it was a simple miscalculation, then there would be a no lawsuits. I, myself, am really surprised how fast they have sprung up, I would of thought they would waited until at least after the 23rd. So fast they have come is another really bad sign... With CPN, it was months for they where filed.
How come no one has asked this simple question on the board... If they made more money then they thought they did, WHY THE
And as for having more money than brains, that is true, through all of my mistakes I have learned to make a living of a trading rather then do it for a hobby...
So take my advice or don't, but the fact of the matter is I will reverse my 30% loss before you if you are holding out this stock.
the bad thing is...the IPIX hype is over..and you stepped in at 12 $.
They make almost no revenues....and net losses...olalalalala
What will you do when OVTI goes back to 20$ this month...and IPIX goes back to 2 $.
Will you cry a lot?
Just wander. I hope you sold your 10 shares of OVTI to buy 14 shares of IPIX. Right?
Apparently you are not familar on how law suits are brought forward. To make you feel stupid. I will remind you on Monday when the stock will gap up and close higher.
Unfortunately, you sounded like someone who skiped doing homework and jumped on the net to send a note....shhhhhhhhhhhhhhhhhhhh..Mom is looking for you!!!!!!!
yep, I'm an idoit. But I probably will recoup my lose sooner than later by having held on to OVTI.
And I am idiot because I have been here with a security before...
However, I learn from my mistakes. Can you is the only question?