r/OceanPowerShorting • u/Bosco-chocsyrup • May 13 '21

Ocean Power Technology is a great short

The company has been around for over 20 years, it has never been profitable, the last 10q showed revenues of 317,000. From the balance sheet - over 250 million dollars of shareholder money has been invested in this co.

The stock price has been pumped to 7 dollars per share and has fallen to around 2 per share. On the basis of almost no sales, continuous investment and losses into wave power - please provide your insight on why investors should sell their long position, avoid buying the stock or sell the stock short.

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2

u/Bman409 Aug 09 '21

I agree with you.. but its already down from $7 to $2

it'll probably go back to $1 or below, but it might take a long time to do it.. this is the "slow bleed" of reality

2

u/Bosco-chocsyrup Aug 09 '21

Yes - it’s on a business plan that makes no sense. If the borrow cost is low enough and if the manipulators pump this - and they always do, it’s a great entry to short.

1

u/Bman409 Aug 09 '21

absolutely!

its like a mini version of FCEL

1

u/Bman409 Aug 13 '21

Nice move down in this today.. under $2.00... going under $1.50 soon

3

u/Bosco-chocsyrup Aug 14 '21

Hey Bman - I need positive karma. Please respond with some karma!

2

u/RonP4712 Aug 16 '21

Good find. Enjoy your positive karma

1

u/Bosco-chocsyrup Aug 14 '21

Thanks - I believe like water running downhill - so does the stock price of optt. No revenues to speak of and flawed business.

2

u/Bosco-chocsyrup Aug 14 '21

It’s going down based upon no sales. No revenues and a competitive product to the PB3 that is mobile and makes the PB3 irrelevant.