Options Media (OPMG) certainly took a wild ride today. With one hour to go in the trading day, the stock had shed 26%. By close, it had recovered half of those losses.

The fact that it fought hard at the end is a good sign and a classic example of what I call a “Wash & Rinse.” It’s a phenomenon of a stock shaking out weak hands before heading for higher levels.
After trading at $.62 back in late April, the stock has fallen to $.33 with significant volatility through May. In many cases, this volatility is followed by a shift above its 50-day moving average in a matter of days and headed higher.

In fact, I want you to think of this as a great opportunity to buy a great stock on the cheap.
Besides, none of the above changes the fact that Q1 numbers for OBMG showed a gross margin of 70%, generating $1 million per month in revenues from zero just one year ago.

With $3.3 million in all of 2008 and $2.2 million in Q1 ‘09, that’s an annualized growth rate of 166%.

One more thing: The digital advertising market is not going away, and Options Media has its feet firmly planted for future growth.