Shorters rule the roost and OPY is their playground. 2 days they inflict a 16% sell off and watch holders cringe. In reality nothing has changed except some weak hands who traded this in the hope of a mad quarterly parting ways with trading losses whilst the instos close their shorts just before the next major announcement.
It's clockwork aimed at ripping off the inexperienced trader who bought too high. I am down 4% now, but can easily wait until $2 is hit before I add more shares to reduce my average. It's a patience game, where the big boys shake out the mums and dads.
OPY Price at posting:
$2.46 Sentiment: Buy Disclosure: Held
