THe reason OCN goes down is , people selling. I guess lots of people bought OCN on extended Margin that it will go up on settlement with CA. Now the Market Knows how to get to those shares back by making people sell and keep prices low . If price stays low, Margin buyers will be foreced to sell and go away, day traders will likely go away also, as day traders cannot make enough for OCN staying low.
once it is Peace an Quiet, no day traders OR over extended Margin buyers - OCN will go up.
usually takes a few days to couple of months.
OCN goes up when day traders and over extended margin buyers forget about it, move on and leave it alone. it goes goes up when least expected, OCN goes up when people leave it for dead and move on.
In the mean time, I buy hold and wait and wait for good days (whenever they come). 1 day, 1month, 1 year, 5 years. No problem.
Hopefully less than 2 months for $20. OCN in my opinion has a strong balance sheet, and financially very stable. (thats why its being targetted by lawyers who have not much to do this winter). People go where money is or where honey is.
that it will stay down evern after settlement with CA.
Psycho games to squeeze money from little guys. IMHO, wait a few days, and it be up. Wall Street does want you to know where the stock should be headed,
normally MKT wants little guys to make wrong moves. e.g
Sell when its time to buy and
buy when its time to sell.
You under stand what I am saying. Now, its upto you to make the right moves. That is buy when everyone's scared, and sell when everyone's happy. all IMHO.
Right from the bat , you can tell this is bogus ... Unfortunately, when there is someone has a successful business, there are forces like these , you try to squeeze dollars/money from the business. And thats why Business have capable lawyers on their side too.
this is not unique to OCN, it happens to everyone if you have a successful entity.
if people missed the boat. $9 to $6.91 in one day with nothng changed. what a manipulation by MKT
needing shares cheap. ... Guess what OCN is already cheap @ $7.30 compared to $50. Hey guys, buy all you want. I wonder who has guts to short OCN at this price, after settlement with California. if you do, you must be very brave and posibly not shorting with your own money (may be client's money). I dont know, I have hard time believeing anyone shorting OCN at $7.xx
Its on Bloomberg
obviously sonmeone not likely the move up. BBEP could go $20.. thats where it wa a year ago.
Obviosly Robert Chapman knows something Shorts do;nt. I like Chapman.
thats too big of a volume at that price to ignore.
expectation was double digits.
But given the Large Volume. Double digits is not far. Well, let me actually say that it stay in 7, then they will take it to 10.
I wonder if they shorted @8 and covered between 5.75 to 6.00 on Friday. Amazing way to temporarily bring stock down. Was almost unbelievable, that someone holds a note and shorts the stock.