May 13, 2008
Short attacks continue unabated while SEC can see no evidence "Naked short selling" has any impact on market. Charles Schwab rates OMG "B Outperform" and Zacks has a "2 BUY" rating with a price target of $67.90. There have been no recent downgrades and recent earnings conference call stated prospects for future look very good. OMG sells at 6X present earnings. OMG has over 100 million in cash and essentially no debt. Stock has been "Attacked" and driven down 25% in one week. Just normal market conditions right SEC????? What is a small investor who counts on sound investment analysis to do when the SEC is in the pocket of the hedge funds???