OPTT - Ocean Power Technologies

Discussion in 'Penny Stocks' started by StockJock-e, Jun 1, 2016.

  1. StockJock-e

    StockJock-e Brew Master
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    Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia

    [​IMG]
     
  2. StockJock-e

    StockJock-e Brew Master
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    Ocean Power Technologies Enters Into First Commercial PB3 Agreement with Mitsui Engineering and Shipbuilding

    PENNINGTON, N.J., June 01, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (OPTT) (“OPT” or “the Company”) announced today that the Company has entered into a PB3 PowerBuoy® lease agreement (“Agreement”) with Mitsui Engineering and Shipbuilding (“MES”), which is valued at approximately $975,000. The PB3 PowerBuoy leased by MES is planned to be deployed off Kozu-island in Japan following a planned stage gate review. Under the Agreement, OPT will also provide engineering support, associated deployment planning and logistics and ocean performance data collection and analysis. OPT and MES will also jointly develop and test an advanced control algorithm with the goal of assessing increased ocean wave energy capture and electric power generation for potential customers in Japan and surrounding countries. Work on the project began in March 2016 following the signing of a letter of intent by OPT and MES.
     
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  3. StockJock-e

    StockJock-e Brew Master
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    Small cap runner of the day, explosive move higher +231% gift to whomever held it yesterday!
     
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  4. StockJock-e

    StockJock-e Brew Master
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    +281% now, this thing wont stop!
     
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  5. T0rm3nted

    T0rm3nted Moderator
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    How high can it go!?
     
  6. StockJock-e

    StockJock-e Brew Master
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    As soon as you go long, it will drop!
     
  7. GabrielWIndalecio

    GabrielWIndalecio New Member

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    Did not get a chance to go in, Hope everyone who held last night made profit today.
     
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  8. StockJock-e

    StockJock-e Brew Master
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    The pendulum swings both ways, there is going to be a sharp drop too!
     
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  9. T0rm3nted

    T0rm3nted Moderator
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    I'll stay out, you're free to go in!
     
  10. StockJock-e

    StockJock-e Brew Master
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    Its a trap!
     
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  11. GabrielWIndalecio

    GabrielWIndalecio New Member

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    $OPTT hit 5.48 at 3.30pm went to 6.00 before 3.50pm. What a day for $OPTT
     
    #11 GabrielWIndalecio, Jun 1, 2016
    Last edited: Jun 1, 2016
  12. StockJock-e

    StockJock-e Brew Master
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    That was an impressive close.

    My gut says this peaks tomorrow, shorts will have their day!

    No way this holds up into Friday!
     
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  13. StockJock-e

    StockJock-e Brew Master
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    Well well, dont look now, but there is some craziness going on! lol
     
  14. leonx81

    leonx81 Well-Known Member

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    Congrats to whomever got in earlier enough to make some $.

    Got burned by penny stocks once and will not touch them again. :D
     
  15. StockJock-e

    StockJock-e Brew Master
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    The burn here was for the shorts!

    Holy crap!

    +86% today!
     
  16. OldFart

    OldFart Well-Known Member

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    I haven't traded this one in a LONG time...need to keep it on watch again...
     
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  17. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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  18. StockJock-e

    StockJock-e Brew Master
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    If you can short this, Im sure next week the shorts will get paid!
     
  19. fidelgeorge

    fidelgeorge Well-Known Member

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    If you didn't get out on Friday, you had your chance. This company's fundamentals are total trash.
     
  20. StockJock-e

    StockJock-e Brew Master
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    Geez.. +40% again!!!
     

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