Do I Have a Crystal Ball? Avoiding an Implosion

Do I have a crystal ball? Do you want access to this outstanding work? You could have had all of this knowledge before the open:

The lazy idiots over at StockTwits were all whining about manipulation of OPTT today. You do not want to be one of those amateur clowns.

Again, this post here discussed just yesterday, about that day’s HUGE winner, OPTT. In the 4/3 premarket I gave people all the information they needed in regards to OPTT. I said that it would be an awesome runner, BUT it was a very dangerous stock, there is a share offering coming. I gave them the link to the SEC (discussed below charts), so you MUST get in the stock, get a nice run in it, and GET OUT. I was in the trade in my small account for – THIRTY MINUTES….THIRTY MINUTES…and pulled out 25% and 50%. An outstanding trade.

And then RIGHT into the TOP, I said to GET OUT NOW. That was at around $16. And guess what? Sure enough, this morning they announced the share offering, and it closed around $3. Exactly what I said to expect. Do I have a crystal ball? Or do I work my ass off?

From yesterday’s post:

Would you like access to this outstanding high quality work?:

First up is OPTT, which was a HUGE winning stock, for a couple of hours today. In less than 30 minutes I pulled 25% and then 50% out of OPTT – again in 30 minutes. Where else but the small, yes crappy dangerous stocks, can you get those kinds of UNLEVERAGED returns?

In a few previous posts I discussed my “secret” method to determine if these soaring early morning stocks are in UPTRENDS. If they fail the test, I call it a “range stuff”. And they become short candidates. Look at those other posts, I was 100% correct about those being bearish. Plenty of excellent profits to be made on the short side, if you had access to my work. And to a totally untrained person, OPTT “looks like” a range stuff early on.

But to start, look at the first chart, the 60, I had people all prepared for OPTT this morning – explained what the exact setup to use would be – and updated numerous times during the day. But I also said that this would be a very dangerous stock, and I also specifically told people when I believed that the top was in, chart #9, and that was an excellent analysis, as it fell over 50% from those highs.

Now to the long-side trade. In chart #2 – what did I say? “Even tho it “looked” very bearish at the time, I said “it’s reaccumulation…again, it’s reaccumulation…and I AM BUYING THE NEXT DIP. And I bought the next dip, my exact plan, the stock took off almost instantaneously and with heavy green bullish volume. OPTT then had a volatility halt – not a news halt – next chart. I gave my sell plan, sold 1/2, up 25%, moved stop to scratch.

Yesterday’s, 4/3, Premarket chart for clients:

OPTT:

The 4/4 chart:

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And here is the prospectus that I linked to in my premarket 4/3 discussion. That SEC filing is below the article.

And the news article from 4/4 here:

SEC Filing:

As filed with the Securities and Exchange Commission on April 3, 2019

Registration No. 333- 230199

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Amendment No.1 to

Form S-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 Ocean Power Technologies, Inc.

(Exact name of registrant as specified in its charter)

28 Engelhard Drive, Suite B

Monroe Township, NJ 08831
(609) 730-0400

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

George H. Kirby III
Chief Executive Officer
Ocean Power Technologies, Inc.
28 Engelhard Drive, Suite B

Monroe Township, NJ 08831
(609) 730-0400

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. [  ]

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act. [  ]

CALCULATION OF REGISTRATION FEE

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission acting pursuant to said section 8(a), may determine.

The information in this preliminary prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted

                              Shares   of

Common Stock

Pre-Funded Warrants to Purchase Shares of Common Stock

Common Warrants to Purchase          Shares of Common Stock

We are offering                shares of our common stock, par value $0.001 per share, together with a number of common warrants to purchase             shares of our common stock (and the shares of common stock that are issuable from time to time upon exercise of the common warrants) pursuant to this prospectus. Each share of our common stock is being sold together with        of a common warrant to purchase one share of our common stock at an exercise price of $ per share. We are also offering to each purchaser whose purchase of shares of common stock and warrants in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% of our outstanding common stock immediately following the consummation of this offering, the opportunity to purchase, if the purchaser so chooses, pre-funded warrants, in lieu of shares of common stock that would otherwise result in the purchaser’s beneficial ownership exceeding 4.99% of our outstanding common stock. Subject to limited exceptions, a holder of pre-funded warrants will not have the right to exercise any portion of its pre-funded warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% (or, at the election of the holder, such limit may be increased to up to 9.99%) of the number of shares of common stock outstanding immediately after giving effect to such exercise. Each pre-funded warrant will be exercisable for one share of our common stock.