i brought just above that level last dip for a profitable trade , but dont own anymore as above a dollar is expensive to me in todays environment
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I'll borrow Mrs B's nail file and specially sharpen up my claws :)
All the doomsday talk is monotonous and bores me to tears to say the least. What we have here is a very resilient business, on the lowest PE in the sector which excellent long term demand, strong demographic trends and strong long term growth potential trading on a PE that's about one third of the market average. If some can't see the opportunity after all I have posted already, that's their problem not mine.
NTA is artificially low, due to date of valuation, ie pre 31 May. So hard to rely upon that as a basis for SP valuation.
Don't let the Trader wind you up, there's no point in arguing a 'value' opportunity vs a 'trade' opportunity. Clearly the Trader made a few bucks last time OCA SP dropped (got in quite late though, slow mover), and is happy to talk down the SP for another trade ... just like every other stock he Trades. Transparent like a pane in the glass.
vrs a buy and hold investor who is down 27% YTD on this stock , im guessing like yourself.
actually even buy and hold investors know when value has been exceeded and will sell when there valuation has been reached. the fact the market price has never really had a upwards trajectory tells you the market values OCA in a range between certain levels. So smart investors would trade the range or invest the range not live in hope.
good for you , buts whats your valuation? that you consider it expensive. must have a plan surely charts show nothing but sideways movement so im guessing your basing yourself on fundamentals.
the only people i can re call to provide there guesses on valuation are myself , beagle and maverick anyone else i missed please speak up