It looks like major selloff tomorrow is on the way
How low this super overbought stock will fall? Look at their disasterous earnings in past 3 Qs and massive losses which will increase as their "cost cutting" options ran out. I'd say low 20s and in January teens again. Did you see this latest report and what is projected for this company? I think they might fight Chapter 11 next year.
OM Group bucks its Industry’s Revenue Increase of 4.83% with a Decline of -47.02% 11/11/2009
New York, New York, November 11, 2009,T12-NEWS reports that Revenue for OM Group (NYSE:OMG) for its trailing twelve months (TTM) ended September 30, 2009 decreased by -47.02% to $926,896,000, from its previous 12 months when OM Group generated $1,749,617,000 in Revenue. The decrease compares with a decrease of -56.24% in Revenue to $630,297,000 for its nine months ended September 30, 2009 as compared to Revenue of $1,440,250,000 for the prior year period. The -47.02% decrease in its latest 12 months of Revenue compared to a -47.57% decrease in Revenue for its most recent third quarter ended September 30, 2009.