very very patient indeed .. but there are still abundant rich pickings elsewhere :)
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Good question Brain
A while ago an investment manager (like a real investor and not one of these guru broker analysts) told me that the top 10 to 15 shareholders in a company are the greatest influencers on where that company's share prices goes .... retail investors per se just follow along
It seems that investment managers aren't as keen on the retirement sector as they used to be. Their in depth analysis and thinking (more than just underlying earnings and PE ratios etc etc) seems to imply not really the best place to invest at the moment. I see little evidence of buying in this sector so assume that some are lowering their exposure (I see Harbour Asset and Kingfish have been net sellers lately)
Retail investors and TA people might create a bit of noise but if what this guy told me is even a bit right then its only noise - the 'influencers' set the trend
Whatever the reasons for prices dropping in the sector isn't OCA specific - the whole sector is down from 52 week highs - OCA -30% / SUM -23% / RYM -39% / ARV -25% ...ouch
How low can it go. I am loading up, as I can't see the future as thought about five months ago, has not changed. Way overweight in OCA, and have to say there are concerns about where it will end up.
under the 1's would be good.
Ouch down another .03 cents. Sold over half my holding early Nov. One of my better moves in hind sight. The sell order is the most difficult for me, especially with OCA as good things will happen down track. Sell order was in at set price for my entire holding. It took some days to sell off just over half the holding with countless sharsies transactions. Retained balance as price dropped to low. Will be looking to get in again down track. At what pice? Mnnn, not sure. Doubt we will see .40c again unless we see major crash which is possible in todays climate.
$1.00 will be a trigger for many I guess and .80c for others more bolder. Issue price, .79c, who would of thought this could happen.
1 dollar. The magic number. See you soon baby
Remember what Warren Buffett says....: Be fearful when others are greedy, and be greedy when others are fearful.”
Being a shareholder in OCA makes me feel like this
https://www.bing.com/images/search?v...t=0&ajaxserp=0
A sick puppy in need of TLC but there are no nurses to help me lick my wounds.
I wouldn't completely rule out the possibility we'll revisit the listing price of 79 cents again but I think anything like 40 cents again would be a HUGE surprise.
People who recieve inheritance immediately waste it generally.
I wonder how much that is contributing to inflation in america.