I would say the traders are grabbing their profits of 50%+ in this volatile market. Can't blame them really, but they fail to see the real value in OMAG as a long term investment. Trying to flip in and out is very difficult to say the least and though it may look easy when looking back, it is much harder in real time. This is why I remain long and like the last time when it ran up and back down, the real investors remained steadfast. The markets are filled with those who will try anything to make money and as such, they will short any stock that has such a runup like OMAG has had, AGAIN!

The biggest test will be if OMAG can hold its gains around $2.50 to make another push back up next week. Unfortunately this is in the hands of the traders who have sold to take their profits and now would like to see the stock go much lower so they can jump back in again and do another rinse and repeat cyle. It is not until we have enough true long term investors who control the stock that this will end. If a big buyer would come in now to employ some real buying pressure, the flippers could find themselves on the outside looking in. Not a good feeling with a stock @ $2.50 that now has a book value of $20+. JMHO

Cheers!