My plan of attack is to wait for it to break $1 seriously.. by that I mean a fall down to say $0.85 or so, then short it on a rally back to $1 with a stop around $1.10
What seems to have happened here is larger holders have been distributing stock to the general public for quite some time, which leaves the stock in a weak position.
When general investors get scared its a never ending wave of selling.
This is the opposite of what happens at a base, when a stock has gone down and gone sideways for a long time, its called a "dog", "flea bag", but the reason why its going sideways is because its been accumulated by large investors and thus the support. When it breaks higher everyone wants on it again, but all the stock is been brought up and thus you get a verticle rise.
Then they sell it back again, stock goes sideways when its been sold back for a few months/years then it breaks down again.
Evidence suggests thats whats happening to OEX.
OEX Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held