No big surprise to see Options Media Group Holdings, Inc. (OPMG) shares taking the day off. The run from the April 16th close of 51 cents to yesterday’s peak of 76 cents – on the stock’s highest volume ever no less - is just a little too much heat to sustain. Looks like there’s some profit-taking going on today, which is fine. It may not be a bad idea to do the same yourself, at least with a small portion of your shares.
In the bigger picture, I can’t ignore that the dip today is on minimal volume; it looks like most of last week’s buyers are staying in with the bulk of their trade. I think that’s a smart move too.
OPMG had been in a long-term rut… a problem with a lack of volume more than performance. Last week’s volume surge had to get the market’s attention though, so I’m expecting more liquidity going forward. That’s good for the buyers and the sellers, but it will also let the stock start moving based on its value rather than volatility.
Anyway, Options Media is going to at least be an interesting story to watch unfold. The growth and opportunity is there – I just hope the market “gets it”. Digital advertising can be a tough arena to grasp and fully appreciate. The growth in the dollars should help though.
What do you think?
Agree with the potential of this up and coming company, bought at the upper end of the rally but plenty happy with the ability to get in now. Huge growth in digital advertising last 5 years, look at Google, any new national company looking to grow is looking at the internet. Not newspapers, not magazines, not billboard. Pay per click advertising and digital advertising media will be where it is at. Have not sold any and plan on buying more tomorrow after the dip.
Thank you for the analysis!
JK North
Bonner, Montana
Editor: Hope the live charting on the home page is helpful to understand the patterns.
Wow,.31 today! Any thoughts on the declining price?
Editor: Clearly an knee jerk reaction to the surge. This is still a crazy world where there’s selling in stocks due to demand for liquidity at any price. I believe this one will come back over the next two weeks.