OMEX is a speculative stock that is very much news driven. Other than the stupid spanish court ruling without legal jurisdiction, there have been no updates other than those provided on this board. If the market rallies, so will OMEX. Certainly wouldn't short this stock at this point. Thanks to those of you keeping an eye on operations.
No doubt. The chart is bullish. Went up today on 133% of daily volume. Closed the week above the 5 week moving average. Looking at trendlines, $3.75 is possible. A sauper huge find could change that. Remember, charts rely on past history.
I can see why Buffet purchased this stock from a valuation perspective. He tends to buy businesses, not buyout candidates. In spite of PSX's under valuation, it, like many of the other refiners is signalling economic weakness weakness. Compare with Tesoro and Valero. Chart pattern pretty much the same. Until proven otherwise, think Phillips 66 is a weak hand.