Re: shorts will look to cover
in response to
by
posted on
Aug 19, 2015 01:43PM
Multi-Billion Dollar Agreement Signed With Oman
I agree Bill, those that shorted OMAG in the past are happy to have covered and have no intention of re-shorting it unless volume really picks up. This last go around put a real scare into those who shorted it and as they put it, there are much better opportunities than to take this big gamble on OMAG with such low volume. This will keep the shorts away and all we need to have happen is something to draw in new long term investors and not the short term flippers, who cause more harm than good for the share price. Many of you have been here much longer than I and you are finally seeing this come together after many delays. Thus you are familiar with many of the frustrations of things not happening as thought, and that is likely to continue throughout this process. I'm well prepared for the volitility when dealing with a stock in the OTC market and I try to take advantage of it, by picking up cheap shares when a frustrated trader loses patience in a stock with very low volume.
The current situation in Oman is causing some to stay away, as they are planning to hold off until the economical situation improves behind a rise in oil prices. It could very well result in some major delays with the project and as investors we need to be prepared for that. This is not going to see a big jump in the share price, but rather a nice and slow rise, if interest continues to grow behind each new development. Right now an uplisting would have the most positive effective, since it would increase liquidity and validate OMAG as a real company in the midst of a major project that can increase their net worth by millions. Up to now, many are just unwilling to take OMAG seriously and frankly you can't blame them, because the OTC Market is filled with a cesspool of con artist who make big claims, but never deliver.
I hope we have seen the end of the desperate selling. The rocky market has shaken out most of the weak hands and there are plenty of us vultures around to take advantage of a buying opportunity when it occurs. I am not expecting any big move until an uplist takes place with a good IR Firm in place to get us noticed. I plan on keeping an eye on it to ensure something doesn't happen to cause longs to sell. My plan is to give it up to 3 years to get over $20 per share. Until then, I continue to add shares around the $2.00 and under area, when they become available. This forum is a great way to stay connected to what is happening here and I am very impressed with the high caliber of investors who provide valuable information and share their thoughts and insights on a regular basis.
Now we just need to educate and attract the masses to get the share price to its proper valuation of around $25 per share.
Cheers!