Lately, I've noticed more than a modicum of negativity flowing through the Forum. Let me attempt to add a posotive twist.

First of all, none of us have any clue as to what the MOT has in store for the Omagine Project. Conjecture yes... but clue, no. The deal is not dead, so it must still be alive.

Secondly, Omagine is a thinly traded stock so it should be no surprise that the recent decline in the stock's price (and recovery today), was on miniscule volume and that price movement is just noise and meaningless. The proof is that with the bid at 1.50 and the ask at1.64, a 100 share trade can move the stock 14 cents. It's only heavy volume, be it on the upside or downside, that will offer a clue as to that elusive clue. As a side note, volume has exceeded 100,000 shares 19 times over the past 5 years.

Hope springs eternal.